What happened? Japanese shares fell on Monday…
USD/JPY: "Hammer" pattern
2019-11-11 • Updated
There's a "Hammer" pattern, which has been formed on the 21 Moving Average. So, the market is likely going to test the upper "Window" in the coming hours.
The 55 Moving Average acted as support, so we've got a "Harami" pattern on this line. Therefore, there's an opportunity to have a new local high in the short term.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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