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USD/JPY: "Inverted Hammer" pattern
2019-11-11 • Updated
There's an "Inverted Hammer", but this pattern remains unconfirmed. In this case, the 21 Moving Average is likely going to act as support. If so, we could have just another decline little later on.
We've got a bullish "Hammer", which has been formed on the lower "Window". So, the market is likely going to test the 89 Moving Average in the coming hours.
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