What happened? Japanese shares fell on Monday…
USD/JPY: "Window" acted as support
2019-11-11 • Updated
The lower "Window" has acted as support, but there isn't any bullish pattern so far. However, we could have a local upward correction, but bears are likely going to continue to push the price even lower afterwards.
The price is still declining, but there's a bullish "Hammer" at the local low. Meanwhile, this pattern hasn't been confirmed yet, so there's an option to have just a local correction. Therefore, we're likely going to have another decline pretty soon.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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