What happened? Japanese shares fell on Monday…
USD/JPY: bullish "High Wave"
2019-11-11 • Updated
There's a bullish "High Wave" at the last low. Considering confirmation of this pattern, there's an opportunity to have an upward price movement towards the 21 Moving Average. If a pullback from this line happens, we could have just another decline.
The lower "Window" has acted as support, so we've got a "Harami" pattern on this level. The main intraday target is the 34 Moving Average, which could be a departure point for a local correction at least.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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