Resistance: 79.46 strong/79.75 moderate/80.23 minor
Support: 78.98 moderate/78.69 minor/78.21 minor
Market bias for USDJPY is bearish with prices under a strong resistance level at 79.46 the Pivot Point. Given that Bullish Harami is a low level bullish reversal pattern it is necessary to look for a close above the strong resistance first before taking action. Immediate objective when taking a buy should be a push for 79.75 break of which opens 80.23, a stop loss should be placed below the patterns low.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices