
What happened? Japanese shares fell on Monday…
2019-11-11 • Updated
USD/JPY has been rising sharply after the earlier upward reversal from the key support area lying between the strong support level 108.80 (which was set earlier as the sell target and which has reversed the price with the daily Morning Star at the start of August and also with the daily Bullish Engulfing in the middle of June). USD/JPY is expected to rise to next buy target at the next resistance level 110.90 (top of the previous wave 2, which intersects with the 38.2% Fibonacci correction of the downward impulse 1).
What happened? Japanese shares fell on Monday…
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!
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.