USD/JPY: opportunity to have correction

USD/JPY: opportunity to have correction

2019-11-11 • Updated

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The price has been declining since the last "Harami" formed. At the same time, there's an opportunity to have an upward correction. However, if the 34 Moving Average acts as resistance, there'll be an opportunity to have another decline.

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There's a "High Wave", which has been formed at the local high. It's likely that the pair is going to test the Moving Averages, which could be a departure point for a decline.


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British pound breakout soon?
British pound breakout soon?

Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).

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