What happened? Japanese shares fell on Monday…
USD/JPY: 34 MA acting as support
2019-11-11 • Updated
The price is approaching the nearest important support at 110.82 by the last 'Window'. If a pullback from this level happens little later on, we're going to have a bullish price movement towards the nearest resistance at 111.82.
The 34 Moving Average is acting as support. The main intraday target is the closest support at 110.82. A pullback from this level could be a departure point for another bullish rally.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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