What happened? Japanese shares fell on Monday…
USD/JPY: 'Morning Star' led to consolidation
2019-11-11 • Updated
The last 'Morning Star' led to the current consolidation. Meanwhile, the market hasn't fixated above the upper 'Window'. In this case, the pair is likely going to achieve the 89 Moving Average, which could act as support.
There's a bearish 'Engulfing', which has been confirmed. Also, there isn't any bullish pattern so far, which means the pair is going to continue declining in the direction of the next support area.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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