USD/JPY: consolidation above "Window"

USD/JPY: consolidation above "Window"

2019-11-11 • Updated

1010usdjpyH4-1.png

The price is still consolidating above the upper "Window". Also, there are a "Tweezers" and an "Engulfing" patterns, which both have been formed at the last high. So, bears are likely going to test the 89 Moving Average soon.

1010usdjpyH1-1.png

There's an opportunity to have any bullish pattern on the achieved "Window" level. If so, we're likely going to have a local upward correction. Nevertheless, bears will try to deliver another decline.

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