What happened? Japanese shares fell on Monday…
USD/JPY: price reached the "Window"
2019-11-11 • Updated
The price reached the "Window", but there isn't any reversal pattern so far. So, the price is likely going to continue moving down until any bullish pattern forms.
We've got a bearish "Engulfing", which has been confirmed. In this case, the market is likely going to test the lower "Window" in the short term.
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!