What happened? Japanese shares fell on Monday…
USD/JPY: bullish 'Three Methods' pattern
2019-11-11 • Updated
There's a bullish 'High Wave' pattern, which has been confirmed. In this case, the pair is likely going to achieve the upper 'Window', which could act as resistance.
We've got a bullish 'Three Methods' pattern, but also there's an opportunity to have a local downward correction. So, if the 34 MA acts as support little later on, bulls will probably try to deliver a new local high.
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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