What happened? Japanese shares fell on Monday…
USD/JPY: broken "Window" and bearish candles
2019-11-11 • Updated
Bears have broken the "Window", so the price achieved the 144 Moving Average. Therefore, this broken "Window" is likely going to act as resistance in the coming hours. If we see a pullback from this level, bears will try to push the pair even lower.
There isn't any reversal pattern on the one-hour chart, so all last candles are bearish. In this case, the current decline is going to be continued until any bullish pattern arrives.
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