What happened? Japanese shares fell on Monday…
USD/JPY: bearish "Three Methods" pattern
2019-11-11 • Updated
There's a confirmed bearish "Harami", so the price is declining. Meanwhile, if a pullback from the nearest support area happens, there'll be time for an upward correction.
We've got a bearish "Three Methods" pattern, so the price is likely going to test the closest support. At the same time, if a pullback from this level forms afterwards, bulls will probably try to achieve the upper "Window".
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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