What happened? Japanese shares fell on Monday…
USD/JPY: bulls went through the "Window"
2019-11-11 • Updated
The 55 Moving Average has acted as support once again, so there's a "Hammer" on this line. Considering confirmation of this pattern, the market is likely going to continue moving up towards the next "Window".
Bulls went through the "Window" and there isn't any reversal pattern so far. However, we could have a local bearish correction during the day. Nevertheless, the price is likely going to climb even higher afterwards.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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