What happened? Japanese shares fell on Monday…
USD/JPY: next "Window" waiting for bulls
2019-11-11 • Updated
We've got a bearish "Engulfing", but a confirmation of this pattern is quite weak. So, the market is likely going to reach the 21 Moving Average, which could be a departure point for another bullish rally in the direction of the upper "Window".
The price has reached the 21 Moving Average. Also, we've got a bearish "Harami", which has confirmation. Therefore, there's an opportunity to have a new local low in the coming hours.
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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