What happened? Japanese shares fell on Monday…
USD/JPY: local bearish 'Harami'
2019-11-11 • Updated
The last bearish 'Harami' hasn't been confirmed enough. So, if a pullback from the 34 Moving Average happens little later on, bulls are likely going to test the upper 'Window' (110.92).
There's a 'Shooting Star', so the price is declining. It's likely that the pair is going to test the nearest support at 110.20. A pullback from this level could be a starting point for another bullish rally.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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