Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
USD/JPY: bearish 'High Wave' pattern
2019-11-11 • Updated
There's a bearish 'High Wave', which has been formed at the last local high. If this pattern confirms, there'll be a moment to have a downward correction. If so, we should keep an eye on the closest support at 111.90 as an intraday target.
We've got bearish patterns such a 'Tweezers' and a 'Harami'. Both of them have been confirmed, so it's time for a correction. Thus, the pair is likely going to test the next support at 111.90 in the coming hours.
Similar
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
USD, GBP, JPY: the week of interest rates and monetary reports!
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!
Latest news
Is Bitcoin Set to Drop?
Bitcoin's price remains stagnant despite the Fed's slightly less hawkish tone. In contrast, Bitcoin has outperformed other assets, doubling in price from $16K to nearly $38K this year. Improved fundamentals, including the resolution of Binance concerns...
Top Three Trade Ideas for December 2023
Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops
Gold Breaks To New Highs. What Is Expected In December?
Gold prices, reaching the highest since May 5, are consolidating as traders await the US PCE Price Index, a key inflation indicator. The upcoming data could impact the Fed's policy, influencing the demand for the US Dollar and providing direction for gold. The Greenback sees some repositioning, recovering modestly ahead of the data risk.
