What happened? Japanese shares fell on Monday…
USD/JPY: "Window" going to act as resistance
2019-11-11 • Updated
The 55 Moving Average has acted as support, so there are a "Hammer" and a "Doji" patterns on this line. So, the upper "Window" is likely going to act as resistance in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have just another decline.
The price has been rising since an "Inverted Hammer" formed at the local low. So, bulls are likely going to reach the next "Window" in the coming hours. If a pullback from this level arrives, bears will try to deliver a downward price movement in the direction of the lower "Window".
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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