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USD/JPY: Moving Average acted as resistance

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USD/JPY: Moving Average acted as resistance

The last bearish “Doji” pushed the market lower. Also, the 55 Moving Average acted as a resistance. Considering that there isn’t any bullish pattern so far, the price is likely going to test the closest support level.

 

USD/JPY: Moving Average acted as resistance

We’ve got a bearish “Harami”, which has been confirmed enough. Under this circumstances, the pair is likely going to test the lower “Window” once again during the day. If a pullback from this level happens, there’ll be time for an upward correction.

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