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USD/JPY: 'Engulfing' on the 89 Moving Average
2019-11-11 • Updated
There's an 'Engulfing', which has been formed on the 89 Moving Average. So, we're going to have a bullish correction in the coming hours. Nevertheless, there's an opportunity to see another decline afterwards.
We've got a bullish 'Hammer', so the price is likely going to test the 34 Moving Average shortly. A pullback from this line could be a starting point for another decline towards the next support area.
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