What happened? Japanese shares fell on Monday…
USD/JPY: new local high is coming soon
2019-11-11 • Updated
We’ve got a “Tweezers” and an “Engulfing”, which both have been confirmed. So, the price is likely going to test the 34 Moving Average during the day. If a pullback from this line happens, there’ll be an opportunity to have another decline.
The nearest “Window” acted as a support, so there’s a bullish “Hammer”, which has a confirmation. In this case, the current upward correction is likely going to be continued, so we could have a new high soon.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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