USD/JPY: Dollar entered into Cloud

USD/JPY: Dollar entered into Cloud

2019-11-11 • Updated

Technical levels: support – 110.50; resistance – 111.00

Trade recommendations:

  1. Buy — 111.00; SL — 110.80; TP1 — 111.50; TP2 — 112.00.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are entered into cloudy area and may continue growing up.

04-usdjpyh4.png

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