What happened? Japanese shares fell on Monday…
USD/JPY: "Tweezers" and "Hammer" on the table
2019-11-11 • Updated
The last "Tweezers" and "Hammer" are still on the table. However, the 55 Moving Average could act as support once again. If so, bulls are likely going to deliver a new local high.
We've got a bearish "Tweezers", which has been confirmed enough. Therefore, the pair is likely going to test the lower "Window". If we have a pullback from this level, there'll be an option to have another bullish rally.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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