USD/JPY: Dollar found support on 112.40

USD/JPY: Dollar found support on 112.40

2019-11-11 • Updated

Technical levels: support – 112.40; resistance – 113.00, 113.35.

Trade recommendations:

1. Buy — 112.40/50; SL — 112.20; TP1 — 113.00; TP2 — 113.350.

Reason: expanding bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of 112.40; the market is oversold.

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