What happened? Japanese shares fell on Monday…
USD/JPY: 34 Moving Average acting as support
2019-11-11 • Updated
The last 'Doji' led to the current consolidation. Meanwhile, we've got a bullish 'High Wave', so the pair is likely going to test the upper 'Window', which could act as resistance.
The 34 Moving Average is acting as support, but there's a bearish 'Hanging Man' pattern. So, the market is likely going to test the 34 MA once again. A pullback from this line could be a starting point for another upward price movement.
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