Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
USD/JPY: dollar can’t find direction
2019-11-11 • Updated
Technical levels: support – 112.50; resistance – 113.50.
- Buy — 112.50; SL — 112.20; TP1 — 113.00; TP2 — 113.50.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A and falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; the prices has tested SSB’s resistance, but can’t stay on in positive area.
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