What happened? Japanese shares fell on Monday…
USD/JPY: 'Doji Star' on the lower 'Window'
2019-11-11 • Updated
We've got a 'Doji Star', which has been formed on the lower 'Window'. Meanwhile, if a pullback from the nearest resistance at 111.63 happens next, bears will probably try to test the next 'Window' (110.82).
There's a 'Shooting Star', which has been confirmed. So, we're going to have a downward correction. In this case, we should keep an eye on the closest support at 111.23 as a possible departure point for another bullish price movement.
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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