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USD/JPY: bearish "Tweezers" pattern
2019-11-11 • Updated
There's a bearish "Tweezers" pattern, which has been confirmed. So, the price is likely going to test the nearest Moving Averages. If a pullback from these lines happens little later on, there'll be an opportunity to have a local bullish price movement.
We've got a bullish "Engulfing", which has been formed on the 34 Moving Average. However, the market is likely going to test the 55 MA, which could be a departure point for an upward price movement.
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