What happened? Japanese shares fell on Monday…
USD/JPY: upward correction about to start
2019-11-11 • Updated
We've got a bullish "Harami", which hasn't been confirmed yet. So, it's likely to have an upward correction in the short term. Nevertheless, bears are going to break the last low afterwards.
The main trend is still bearish, but there're bullish patterns such a "Harami" and a "Doji". In this case, the pair is likely going to test the Moving Averages in the coming hours.
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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