What happened? Japanese shares fell on Monday…
USD/JPY: "Window" acted as support
2019-11-11 • Updated
The lower "Window" acted as support, so the price is consolidating. Also, there's an "Inverted Hammer", so the pair is likely going to test the 34 Moving Average, which could act as resistance.
We've got a bullish "Hammer" at the last low. So, the market is likely going to reach the nearest "Window". If we have a pullback from this level, bears will probably try to deliver another decline.
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!
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.