What happened? Japanese shares fell on Monday…
USD/JPY: 'Shooting Star' pattern
2019-11-11 • Updated
There's a bearish 'Doji', so the market is likely going to test the lower 'Window'. A pullback from this level could be a starting point for an upward price movement towards the upper 'Window'.
The last 'Shooting Star' pattern points to an opportunity to have a downward correction. So, we should keep on track the 55 Moving Average 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!