What happened? Japanese shares fell on Monday…
USD/JPY: price testing 55 Moving Average
2019-11-11 • Updated
The price is testing the 55 Moving Average, but there's still no any reversal pattern so far. So, we could get a local correction in the short term. Nevertheless, bulls are likely going to test the 89 MA afterwards.
The upper "Window" has acted as resistance, so the market is likely going to test the nearest support area. If any bullish pattern forms little later on, there'll be a moment for another upward price movement.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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