What happened? Japanese shares fell on Monday…
USD/JPY: pair tested upper 'WIndow' once again
2019-11-11 • Updated
The pair tested the upper 'WIndow' once again, but there's no any reversal pattern so far, which means we could have the market a little bit higher in the coming hours. However, if a bearish model forms little later on, there'll be a green light for a downward correction.
There's a 'Harami' pattern, which has been formed at the last local high. In this case, the market is likely going to reach the Moving Averages, which could be a departure point for another bullish price movement.
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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