What happened? Japanese shares fell on Monday…
USD/JPY: bearish "Three Methods" pattern
2019-11-11 • Updated
Bears are still pushing the price lower, so we don't have any reversal pattern. Therefore, the pair is likely going to continue falling down towards the lower "Window". If any bullish pattern arrives later on, we could have an upward correction.
We've got a bearish "Three Methods" pattern at the local low. Previously, a bearish "Engulfing" has been formed. So, the market is likely going to continue declining during the day.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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