What happened? Japanese shares fell on Monday…
USD/JPY: "Hammer" and "Doji" patterns
2019-11-11 • Updated
The last "Hammer" and "Doji" patterns led to the current upward price movement. If a pullback from the nearest resistance happens soon, we're likely going to have a bearish correction towards the lower "Window".
There isn't any reversal pattern so far, which means bulls are going to test the closest resistance in the coming hours. If we have a pullback from this level, there'll be an option to have a local downward correction.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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