What happened? Japanese shares fell on Monday…
USD/JPY: bullish correction coming soon
2019-11-11 • Updated
There still isn’t any reversal pattern so far. However, if any bullish pattern arrives on the closest support line, the pair is likely going to test the nearest resistance. Meanwhile, bears will probably try to deliver a new local low afterwards.
We’ve got a “Three Methods”, which pushed the price to the nearest support. Considering that there isn’t any reversal pattern so far, the market is likely going to continue moving down until any bullish pattern arrives.
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