The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
USD/JPY: bears going to deliver new local low
2019-11-11 • Updated
There’s a bullish “Hammer”, which hasn’t been confirmed. Also, the last candles are bearish, so the market is likely going to decline towards the nearest “Window”. If any bullish pattern arrives afterwards, there’ll be an opportunity to have a bullish correction.
The price is consolidating, so the upper “Window” is acting as a resistance. In this case, bears are likely going to deliver a new local low during the day.
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