What happened? Japanese shares fell on Monday…
USD/JPY: lower 'Window' has acted as support
2019-11-11 • Updated
The lower 'Window' has acted as support, so there's a 'Harami' pattern. In this case, the market is likely going to achieve the 89 Moving Average. If this line acts as resistance next, there'll be a green light to have another decline.
There's a 'Dark Cloud', which has been formed on the 21 Moving Average, so we're going to have a local bearish correction. Even so, the price is going to reach the next resistance area afterwards.
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!
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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