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USD/JPY: second pullback from "Window"
2019-11-11 • Updated
We’ve got a “Three Methods” pattern, which has been confirmed. So, bulls are likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity to have a local decline.
There’s the second pullback from the lower support in a row, so we’ve got a “Harami” pattern. Therefore, bulls are likely going to get a resistance on the 89 Moving Average, which could be a departure point for a local bearish correction.
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