What happened? Japanese shares fell on Monday…
USD/JPY: support by the nearest "Window"
2019-11-11 • Updated
The last bullish "Engulfing" has been confirmed strongly, but we've got a bearish "Engulfing", which has a quite weak confirmation. So, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens, we could have another bullish price movement.
There's support by the nearest "Window". At the same time, we've got a bullish "Doji", which hasn't been confirmed yet. So, the current correction is likely going to be continued towards the 89 Moving Average.
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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