What happened? Japanese shares fell on Monday…
USD/JPY: bulls going to test nearest resistance
2019-11-11 • Updated
The price is still rising and there isn't any reversal pattern so far. So, bulls are likely going to test the nearest resistance, which could be a departure point for a bearish correction. Anyway, we should have an eye on the next "Window" as a possible intraday target.
There's a "Shooting Star", but confirmation of this pattern is a quite weak. So, we could have an intraday downward correction and a new local high afterwards.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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