What happened? Japanese shares fell on Monday…
USD/JPY: bullish 'Three Methods' pattern
2019-11-11 • Updated
There's a bullish 'Hammer', which led to the current upward price movement. Also, we've got a bullish 'Three Methods' pattern, which has been confirmed. The Moving Averages are acting as resistance, but there's no any bearish pattern so far. In this case, it's likely that the pair is going to test the upper 'Window' (111.62) in the coming days. The subsequent pullback from this level could be a starting point for a decline towards the lower 'Window' (109.41).
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