USD/JPY: "Shooting Star" pattern

USD/JPY: "Shooting Star" pattern

2019-11-11 • Updated

2010usdjpyH4-1.png

There's a "High Wave" pattern, which has been formed at the local high. So, there's an opportunity to have a downward correcting in the coming hours. However, if we see a pullback from the nearest support level, bulls will probably try to deliver a new local high.

2010usdjpyH1-1.png

We've got a "Shooting Star" pattern, which has been confirmed. Therefore, the pair is likely going to test the lower "Window" during the day. If a pullback from this level happens, there'll be an option to have another bullish price movement.

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