USD/JPY: lower 'Window' has acted as support

USD/JPY: lower 'Window' has acted as support

2019-11-11 • Updated

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The lower 'Window' has acted as support, so there's a 'Harami' pattern. In this case, the market is likely going to achieve the 89 Moving Average. If this line acts as resistance next, there'll be a green light to have another decline.

3005usdjpyH1 (1).png

There's a 'Dark Cloud', which has been formed on the 21 Moving Average, so we're going to have a local bearish correction. Even so, the price is going to reach the next resistance area afterwards.

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