What happened? Japanese shares fell on Monday…
USD/JPY: 'Shooting Star' on the last local high
2019-11-11 • Updated
There's a 'Shooting Star', which has been formed on the last local high. So, after a short break, the market is likely going to achieve the lower 'Window' (110.20).
We've got bearish patterns such a 'High Wave' and a 'Shooting Star', which both have been confirmed. In this case, we should keep an eye on the next support at 110.20 as an intraday bearish target.
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!
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