USD/JPY: local correction coming soon
Read the article on FBS website
The price reached the nearest "Window", so there's an opportunity to have a bullish pattern. If so, the market is likely going to test the closest resistance, which could be a departure point for another decline. In this case, we should keep an eye on the next "Window" as an intraday bearish target.
We've got two bearish "Three Methods" in a row, so the pair is likely going to continue moving down. However, there's also an option to have a local upward correction during the day. Anyway, we could have the market even lower soon.