What happened? Japanese shares fell on Monday…
USD/JPY: support by "Window"
2019-11-11 • Updated
The lower "Window" has acted as support, so we've got a local "Hammer". However, the price faced with the Moving Averages once again, which means bears are likely going to test the nearest "Window" one more time.
There isn't any reversal pattern so far, so all the last candles are bearish. Moreover, there's a "High Wave" pattern, which has been formed on the 55 Moving Average. So, we could have a new low pretty soon.
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