What happened? Japanese shares fell on Monday…
USD/JPY: 144 MA going to act as support
2019-11-11 • Updated
The price is consolidating above the "Window", which is likely going to act as support once again soon. If a pullback from the 34 Moving Average happens, there'll be an opportunity to have another upward price movement.
There's a "Shooting Star", so the price is declining. Also, there isn't any reversal pattern so far. The 144 Moving Average is likely going to act as support. If so, bulls will probably try to deliver another rally.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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