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USD/JPY: "High Wave" on the local high
2019-11-11 • Updated
There's a bullish "Engulfing", which has been formed on the 34 Moving Average. Considering confirmation of this pattern, the price is likely going to test the closest resistance area once again.
We've got a "High Wave" pattern on the local high, so the pair is likely going to test the 89 Moving Average. If a pullback from this line happens little later on, we could have another bullish price movement.
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