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USD/JPY: "Window" acted as resistance
2019-11-11 • Updated
The upper "Window" has acted as resistance, so we've got a "Shooting Star" pattern, which has been confirmed. However, bulls are likely going to test the "Window" once again in the short term. If we have another pullback from this level, there'll be an opportunity to have a decline towards the Moving Averages.
The 55 Moving Average has acted as support, so we've got a bullish "Harami". Under this circumstance, the market is likely going to rise towards the last high during the day.
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