What happened? Japanese shares fell on Monday…
USD/JPY: 'Harami' and 'Hammer' patterns
2019-11-11 • Updated
The last bullish 'Harami' and 'Hammer' patterns have been confirmed, so the price is rising. The main intraday target is the upper 'Window' (109.80). A pullback from this level could be a starting point for another decline.
There's a bullish 'Three Methods' pattern, which pushed the price higher. It's likely that after a short break, the market is going to reach the next resistance at 109.59.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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