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USD/JPY: market to test the closest support
2019-11-11 • Updated
The 89 Moving Average has acted as support, so there's a 'Tweezers' pattern. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.
There's a bearish 'Tower' pattern, so the market is likely going to test the closest support. Meanwhile, if a pullback from this area happens, bulls will probably try to deliver a new local high.
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