USD/JPY: price reached the lower 'Window'

USD/JPY: price reached the lower 'Window'

2019-11-11 • Updated


The price has reached the lower 'Window', but there's no any reversal pattern so far. So, the market is likely going to test the next support at 109.92. A pullback from this level could be a starting point for a bullish correction towards the nearest resistance at 110.61.


There's a local bearish 'Shooting Star', but confirmation of this pattern is quite weak. In this case, the pair is likely going to test the closest resistance at 110.39 once again. If a pullback from this level happens next, there'll be a moment to have a decline.


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