USD/JPY: 21 Moving Average acted as support

USD/JPY: 21 Moving Average acted as support

2019-11-11 • Updated

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The 21 Moving Average has acted as support, so we've got a new local high. Also, bulls have broken the "Window" and we don't have any bearish pattern. So, the market is likely going to continue rising until any reversal pattern forms.

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All the last candles are bullish, so there isn't any reversal pattern so far. The main intraday target is the upper "Window". If a pullback from this level happens, bears will have a green light to deliver a downward correction.

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