What happened? Japanese shares fell on Monday…
USD/JPY: bulls going to push price higher
2019-11-11 • Updated
The price is still rising, so bulls have broken the nearest “Window”. Considering that there isn’t any reversal pattern so far, the price is likely going to climb even higher. However, if a pullback from the next resistance happens, there’ll be a chance to have a bearish correction.
The last reversal patterns haven’t been confirmed yet. The main intraday target is the upper “Window”, which could be a departure point for a local correction towards the Moving Averages.
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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