What happened? Japanese shares fell on Monday…
USD/JPY: pullback from lower "Window"
2019-11-11 • Updated
The 34 Moving Average has acted as resistance, so there's an "Evening Star", which has been confirmed. Therefore, the pair is likely going to test the nearest support area in the coming hours.
There's a pullback from the lower "Window", so we've got an "Inverted Hammer" pattern. In this case, we're likely going to have a local upward correction soon. Meanwhile, bears will probably try to deliver a new local low afterwards.
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