What happened? Japanese shares fell on Monday…
USD/JPY: 144 MA acted as support
2019-11-11 • Updated
The 144 Moving Average acted as support, so there's a 'Hammer' pattern, which has been confirmed. In this case, the market is likely going to reach the upper 'Window' in the coming hours
We've got a bullish 'Harami', so the price is rising. Also, all the Moving Averages have been broken. In this case, the pair is likely going to continue moving up towards the next resistance area.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!