What happened? Japanese shares fell on Monday…
USD/JPY: no any reversal pattern so far
2019-11-11 • Updated
There's no any reversal pattern so far, so the price is likely going to reach the next resistance at 112.27. If a pullback from this level happens next, we should keep an eye on the 89 MA as an intraday target.
We've got a bullish 'Three Methods'. So, after a short break, the pair is likely going to achieve the nearest important resistance at 112.27.
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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