USD/JPY: 34 Moving Average acted as support

USD/JPY: 34 Moving Average acted as support

2019-11-11 • Updated

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The 34 Moving Average has acted as support, so there's an 'Inverted Hammer'. Therefore, the market is likely going to reach the upper 'Window', which could be a departure point for a bearish correction.

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There's a 'Three Methods' pattern, so the price is rising. It's likely that the market is going to achieve the upper 'Window', which could act as resistance. If so, there'll be an opportunity to have a correction.


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