What happened? Japanese shares fell on Monday…
USD/JPY: "Harami" and "Three Methods"
2019-11-11 • Updated
There are bullish patterns such a "Harami" and a "Three Methods", which both have been confirmed. So, the market is likely going to reach the 55 Moving Average in the short term.
The price reached the 55 Moving Average, but we don't have any reversal pattern so far. In this case, the price is likely going to continue moving up during the day. However, we could have a local bearish correction in the next few hours.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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