USD/JPY: bullish

USD/JPY: bullish "Hammer"

2019-11-11 • Updated

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The price is consolidating between the Moving Averages. At the same time, there's a bullish "Hammer", so the pair is likely going to test the next resistance area in the short term.

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There's an "Engulfing" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the market is likely going to test the upper "Window" anytime soon.

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