What happened? Japanese shares fell on Monday…
USD/JPY: "Inverted Hammer"
2019-11-11 • Updated
There's a bullish "Hammer", which has been formed at the last local low. The Moving Averages are acting as resistance. So, we could have just bullish correction and the following decline afterwards.
We've got an "Inverted Hammer", but confirmation of this pattern is a quite weak. Therefore, the market is likely going to test the upper "Window" in the short term. If a pullback from this level happens, there'll be an opportunity to have just another decline.
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