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USD/JPY: opportunity to have correction
2019-11-11 • Updated
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.
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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