What happened? Japanese shares fell on Monday…
USD/JPY: 'Belt Hold' on the lower 'Window'
2019-11-11 • Updated
There's a 'Belt Hold', which has been formed on the lower 'Window'. However, the 55 Moving Average is likely going to act as support. A pullback from this line could be a departure point for a bullish price movement in the direction of the next resistance at 110.83.
The pair is consolidating under the Moving Averages. Also, there's a 'Belt Hold', which hasn't been confirmed enough. So, the pair is likely going to test the nearest support at 110.27 once again. If a pullback from this level happens little later on, we should keep an eye on the upper 'Window' (110.83) as the next target.
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