What happened? Historically investors treated the Japanese Yen as a safe haven in times of world crisis…
USD/JPY: Bulls tested SSA’s resistance
2019-11-11 • Updated
Technical levels: support – 112.00; resistance – 112.40, 112.90.
- Buy — 112.20; SL — 112.00; TP1 — 112.90; TP2 — 113.40.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are supported by Tenkan-sen and Kijun-sen and will going to positive area.
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