What happened? Japanese shares fell on Monday…
USD/JPY: bullish 'Three Methods' pattern
2019-11-11 • Updated
The 34 Moving Average has acted as support, so the pair is rising. There's no any reversal pattern so far, which means the market is going to climb even higher. Meanwhile, if any bearish model forms little later on, there'll be a green light for a downward correction.
There's a bullish 'Three Methods' pattern, which has been formed above the Moving Averages. So, after a short break, the market is likely going to continue rising in the direction of the upper 'Window'.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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