USD/JPY: bearish

USD/JPY: bearish "Shooting Star"

2019-11-11 • Updated

1812usdjpyH4 (2).png

We've got a bullish "Hammer", but all the Moving Averages are acting as resistance, so the price is consolidating. So, the pair is likely going to test the lower "Window", which could be a departure point for another upward price movement.

1812usdjpyH1 (2).png

There's a bearish "Shooting Star", which has been formed on the 55 Moving Average. Therefore, the market is likely going to test the lower "Window" in the coming hours.

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