What happened? Japanese shares fell on Monday…
USD/JPY: "Morning Star" pushing price higher
2019-11-11 • Updated
The price meet a support by the lower "Window", but we still don't have any reversal pattern so far. Therefore, bears are likely going to reach the next "Window" in the short term.
We've got a "Morning Star", so there's a green light for a bullish intraday correction. The main target is the last "Three Methods" pattern. If a pullback from this level happens, we could have another decline shortly.
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!
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