Japanese Yen Strengthens on COVID-19 Worries
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USD/JPY: Moving Average acted as resistance
2019-11-11 • Updated
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.
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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