What happened? Japanese shares fell on Monday…
USD/JPY: bullish "Hammer"
2019-11-11 • Updated
The 89 Moving Average is acting as support, so we've got a bullish "Hammer" on this line. Therefore, the pair is likely going to test the 34 MA, which could act as resistance.
There's a bullish "Hammer", so the market is likely going to test the Moving Averages in the coming hours. If a pullback from these lines happens, there'll be an opportunity to have a new local low.
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