What happened? Japanese shares fell on Monday…
USD/JPY: "Shooting Star" led to decline
2019-11-11 • Updated
The last "Shooting Star" led to the current decline. The main intraday target is the lower "Window". If a pullback from this level happens little later on, there'll be a moment for an upward correction.
The price has been declining since a bearish "Harami" formed on the Moving Averages. There's no any reversal pattern so far, which means the market is likely going to continue moving down in the short term.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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