USD/JPY: price testing Moving Averages

USD/JPY: price testing Moving Averages

2019-11-11 • Updated

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The price is testing the Moving Averages, but bulls are likely going to test the upper "Window" in the coming hours. If a pullback from this level happens afterwards, there'll be an opportunity to have another decline.

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There's a bearish "Engulfing", but confirmation of this pattern isn't enough. So, the market is likely going to test the Moving Averages, which could be a departure point for a bullish price movement.

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