What happened? Japanese shares fell on Monday…
USD/JPY: bearish 'High Wave' pattern
2019-11-11 • Updated
There's a bearish 'High Wave' pattern, which has been confirmed enough. Thus, the pair is going to test the nearest support at 110.54. This level could be a starting point for another bullish rally towards the upper 'Window' (112.54), which could act as resistance. If so, all eyes will be on the lower 'Window' (109.38), which acted as support before.
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!
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