USD/JPY: 'Shooting Star' on the upper 'Window'

USD/JPY: 'Shooting Star' on the upper 'Window'

2019-11-11 • Updated

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There's a 'Shooting Star', which has been formed on the upper 'Window'. Therefore, we're likely going to have an upward correction towards the nearest support at 109.66, which could be a departure point for another bullish rally.

0706usdjpyH1 (1).png

We've got a bearish 'Three Methods', so the market is likely going to test the lower 'Window' (109.66). If we have a pullback from this level little later on, there'll be a moment to have a bullish price movement towards the next resistance at 110.50.

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