What happened? Japanese shares fell on Monday…
USD/JPY: market consolidating between Moving Averages
2019-11-11 • Updated
The market is consolidating between the Moving Averages. Previously, we had a 'Three Black Crows'. So, we should keep an eye on the closest resistance at 110.30 as a possible starting point for a decline.
There's a bullish 'Engulfing', which has been confirmed. So, the pair is likely going to achieve the next resistance at 110.30. If a pullback from this level happens little later on, there'll be a moment for a bearish price movement in the direction of the nearest support at 109.58.
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