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USD/JPY: 'Shooting Star' points to correction
2019-11-11 • Updated
The price has reached the Moving Averages, but there's still no any bearish pattern so far. In this case, the pair is likely going to test the next resistance at 111.75 in the short term. Prior to that, the price could reach the closest support at 110.75.
There's a 'Shooting Star', which has been confirmed enough. So, we should keep an eye on the nearest support at 110.75 as an intraday target. A pullback from this level could be a departure point for another bullish rally.
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