What happened? Japanese shares fell on Monday…
USD/JPY: 'Morning Star' pattern
2019-11-11 • Updated
There's a 'Morning Star', so the pair is going to test the upper 'Window' shortly. A pullback from this level could be a starting point for another decline.
The last bullish 'Engulfing' led to the current upward correction. It's likely that after a short break the market is going to test the upper 'Window'.
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!