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USD/JPY: "Window" acted as resistance
2019-11-11 • Updated
Bears have broken the "Window", so the price is declining. The 144 Moving Average is acting as support. There isn't any reversal pattern so far. Therefore, the market is likely going to continue falling down in the short term.
The broken "Window" acted as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, the pair is likely going to reach the nearest support area. If any bullish pattern arrives afterwards, there'll be an opportunity to have an upward correction.
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