Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
USD/JPY: bears still in the game
2019-11-11 • Updated
There isn't any reversal pattern so far, which means the nearest support level is likely going to be tested once again. If any bullish pattern arrives later on, there'll be an opportunity to have an upward price movement towards the Moving Averages.
We've got an "Inverted Hammer", but this pattern hasn't been confirmed yet. Therefore, the upper "Window" is likely going to act as resistance in the coming hours. If so, we could have another decline.
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