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USD/JPY: 'Three White Soldiers' pattern
2019-11-11 • Updated
The 89 Moving Average is acting as support, so there's a bullish 'Hammer'. Meanwhile, if a pullback from the nearest resistance at 110.08 happens next, there'll be a moment for a decline towards the 144 Moving Average.
There's a 'Three White Soldiers', so the price is rising. It's likely that the pair is going to test the closest support at 109.67, which could be a departure point for a bullish price movement in the direction of the next resistance at 110.08.
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