What happened? Japanese shares fell on Monday…
USD/JPY: bearish "Harami"
2019-11-11 • Updated
The last bullish "Three Methods" pushed the price to the 144 Moving Average. At the same time, there's a bearish "High Wave", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support, which could be a departure point for another bullish price movement.
We've got a bearish "Harami", but this pattern hasn't been confirmed yet. If the price fixates under the 55 Moving Average, the market is likely going to continue declining in the short term.
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