USD/JPY: "High Wave" & "Shooting Star"

USD/JPY: "High Wave" & "Shooting Star"

2019-11-11 • Updated

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There're bearish patterns such a "High Wave" and a "Shooting Star". In this case, the pair is likely going to decline towards the last low in the short term.

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We've got a bullish "Harami", so there's an opportunity to have a local upward correction. Nevertheless, the market is likely going to continue declining afterwards.

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