What happened? Japanese shares fell on Monday…
USD/JPY: pair to test closest support
2019-11-11 • Updated
There's a 'Shooting Star', so the pair is likely going to test the closest support at 109.38 in the coming hours. Meanwhile, if a pullback from this level forms next, there'll be a moment for another upward price movement.
We've got an 'Inverted Hammer', so there's an opportunity to have a local bullish correction. In this case, we should keep an eye on the nearest resistance at 109.99 as a possible starting point for a decline towards the next support at 109.38.
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!
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.