What happened? Japanese shares fell on Monday…
USD/JPY: bearish "Engulfing"
2019-11-11 • Updated
The price has been fixed above the "Window". Also, there isn't any reversal pattern so far. In this case, the price is likely going to continue moving up towards the next "Window".
There's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, we could have just a local correction and the following upward price movement afterwards.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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