What happened? Japanese shares fell on Monday…
USD/JPY: pair to test closest resistance
2019-11-11 • Updated
The market has formed an 'Engulfing' pattern, which hasn't been confirmed yet. It's likely that the pair is going to test the closest resistance at 112.00 soon. The subsequent pullback from this level could be a departure point for a decline in the direction of the lower 'Window' (109.69).
Similar
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!
Latest news
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone