What happened? Japanese shares fell on Monday…
USD/JPY: 'Three Methods' pattern still in force
2019-11-11 • Updated
We've got a bearish 'Engulfing', but this pattern remains unconfirmed. Previously, we had a 'Three Methods' pattern, which is still in force. However, if a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window' (109.41). The subsequent pullback from this level could lead to an upward price movement towards the next 'Window' (112.65).
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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