USD/JPY: bearish

USD/JPY: bearish "Engulfing"

2019-11-11 • Updated

2102usdjpyH4 (1).png

There's a bearish "Engulfing", which has been formed on the upper "Window". So, we're likely going to have a local bearish correction. Anyway, bulls will probably try to reach the next "Window" afterwards.

2102usdjpyH1 (1).png

We've got bearish patterns such a "Tower" and a "Shooting Star". Therefore, the market is likely going to decline in the short term.


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