What happened? Japanese shares fell on Monday…
USD/JPY: bearish "Shooting Star"
2019-11-11 • Updated
We’ve got a bearish “Evening Star”, which has been confirmed enough. Therefore, the market is likely going to test the nearest support, which could be a departure point for an upward correction.
The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”, which both have a confirmation. In this case, bears are likely going to continue pushing the market lower until any bullish pattern arrives.
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