USD/JPY: bullish "Tower" pattern

USD/JPY: bullish "Tower" pattern

2019-11-11 • Updated

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The 21 Moving Average is acting as resistance, but there's a "Morning Star" pattern, which has formed at the last low. So, we should keep an eye on the 55 MA, which could be a departure point for another decline.

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There's a bullish "Tower" pattern, so the price is likely going to continue moving up. The main intraday target is the upper "Window", which could act as resistance.


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