What happened? Japanese shares fell on Monday…
USD/JPY: 'Doji Star'
2019-11-11 • Updated
There's a 'Doji Star', which has been confirmed enough. In this case, the market is likely going to test the closest resistance at 111.24. This level could be a starting point for a decline towards 110.58.
We've got a bearish 'Harami', which has been confirmed. So, the price is likely going to test the next 'Window' (110.70). If a pullback from this level happens next, there'll be time for an upward correction.
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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