What happened? Japanese shares fell on Monday…
USD/JPY: pullback from the lower "Window"
2019-11-11 • Updated
There's another pullback from the lower "Window". Also, we've got an "Inverted Hammer" and a "Hammer" patterns, which both have been confirmed. So, the market is likely going to the upper "Window" soon.
We've got a bullish "High Wave" and an "Engulfing". So, the price is likely going to test the 144 Moving Average, which could be a departure point for a decline.
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!