USD/JPY: all the Moving Averages broken

USD/JPY: all the Moving Averages broken

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The price is declining because of the last 'Shooting Star'. However, if a pullback from the 89 Moving Average happens little later on, there'll be a moment for an upward correction.

2305usdjpyH1 (1).png

All the Moving Averages have been broken. There's no any reversal pattern so far, which means the price is going to continue falling down towards the closest support area.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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