What happened? Japanese shares fell on Monday…
USD/JPY: last high going to be broken
2019-11-11 • Updated
The 21 Moving Average is acting as support, so the price is likely going to test the nearest resistance. If a pullback from this level arrives, there'll be a green light for a local decline.
There's a bullish "Harami", which has been confirmed. In this case, the last high is likely going to be broken soon. If any reversal pattern forms, later on, bears will have a chance to test the nearest support levels.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!