What happened? Japanese shares fell on Monday…
USD/JPY: bullish "High Wave"
2023-11-24 • Updated
We’ve got a “High Wave” and a “Doji”, so the pair is likely going to test the nearest resistance. If a pullback from this level happens, bears are likely going to test the closest “Window” in the short term.
There’s a bullish “Engulfing”, which has been confirmed enough. Considering that the last candles are bullish, the market is likely going to test the nearest resistance level, which could be a departure point for 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!
Intraday and swing scenarios based on price action and volume profile.
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