What happened? Japanese shares fell on Monday…
USD/JPY: pullback from the 'Window'
2019-11-11 • Updated
There's a pullback from the 'Window', so the price is likely going to test the nearest Moving Averages. A pullback from these lines could be a starting point for another decline.
We've got a bullish 'Engulfing', so we're going to have an upward correction. Meanwhile, if a pullback from the 34 or 55 Moving Average happens little later on, there'll be a moment to wave a decline towards the next support area.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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