USD/JPY: pullback from the 'Window'

USD/JPY: pullback from the 'Window'

2019-11-11 • Updated

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There's a pullback from the 'Window', so the price is likely going to test the nearest Moving Averages. A pullback from these lines could be a starting point for another decline.

2905usdjpyH1 (1).png

We've got a bullish 'Engulfing', so we're going to have an upward correction. Meanwhile, if a pullback from the 34 or 55 Moving Average happens little later on, there'll be a moment to wave a decline towards the next support area.

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