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USD/JPY: bullish "Tweezers"
2019-11-11 • Updated
The lower “Window” is acting as a support, so we’ve got a “Tweezers” pattern, but its confirmation isn’t enough. In this case, bulls are likely going to test the nearest support level, which could be a departure point for another bearish journey.
There’s a bearish “Tweezers”, which has been confirmed enough. Under this circumstances, the pair is likely going to achieve the 55 Moving Average during the day.
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