What happened? Japanese shares fell on Monday…
USD/JPY: confirmed bullish "Harami"
2019-11-11 • Updated
We've got a "Tweezers" and a "Hanging Man", which both have been formed on the 89 Moving Average. Therefore, the pair is likely going to test the lower side of the nearest "Window" soon.
There's a bullish "Harami", which has been confirmed, so the price is likely going to test the upper "Window". If a pullback from this level happens afterwards, bears will have a green light to deliver another decline.
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!
Intraday and swing scenarios based on price action and volume profile.
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