What happened? Japanese shares fell on Monday…
USD/JPY: 'Hammer' right above the 'Window'
2019-11-11 • Updated
The last 'Engulfing' pattern led to the current decline. At the same time, there's a 'Hammer' right above the 'Window', so we're likely going to have a local upward correction towards the upper 'Window' (111.09). The subsequent pullback from this level could lead to another decline towards the next support at 108.13.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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