What happened? Japanese shares fell on Monday…
USD/JPY: bearish 'Harami'
2019-11-11 • Updated
There're bearish patterns such a 'Shooting Star' and a 'Harami'. Meanwhile, if a pullback from the Moving Averages happens little later on, the price is likely going to reach the next resistance at 112.00.
We've got a 'Hammer', which has been formed on the 144 Moving Average. However, this pattern doesn't have strong confirmation, so the pair is likely going to reach the next support at 111.06.
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!