What happened? Japanese shares fell on Monday…
USD/JPY: bullish "Harami"
2019-11-11 • Updated
There’s a bullish “Doji”, but a confirmation of this pattern is a quite weak. So, the pair is likely going to test the nearest resistance, which could be a departure point for another decline.
The last bullish “Harami” doesn’t have a strong confirmation. In this case, the market is likely going to reach the closest resistance during the day. If a pullback from this level happens, bears will probably try to deliver a new local low.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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