What happened? Japanese shares fell on Monday…
USD/JPY: confirmed bullish "Harami"
2019-11-11 • Updated
There's a confirmed bullish "Harami", so the market is likely going to reach the 21 Moving Average. If a pullback from this line happens little later on, there'll be a moment for another decline.
We've got a bearish "Doji", which hasn't been confirmed yet. So, it's likely to have a local correction in the coming hours. Nevertheless, bulls will probably try to achieve the 89 Moving Average afterwards.
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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