What happened? Japanese shares fell on Monday…
USD/JPY: pair to test the nearest support
2019-11-11 • Updated
There's a 'High Wave', which hasn't been confirmed yet. In this case, the pair is likely going to test the nearest support at 110.81. Meanwhile, a pullback from this level could be a starting point for another bullish price movement towards the next resistance at 111.75.
We've got a bearish 'High Wave', so we should keep an eye on the lower 'Window' (110.75) as an intraday target. However, if we have a pullback from this level, bulls will probably try to reach the next resistance at 111.75.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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