As is the custom, every new month in the financial market often presents long-term, swing trading opportunities for traders like you and me. Even better, FBS is usually there to provide insights into the expected trading opportunities through such analytical pieces as this.
USD/JPY: Dollar going lower
2019-11-11 • Updated
Technical levels: support – 108.70; resistance – 110.00.
1. Sell — 109.80; SL — 110.00; TP1 — 108.70; TP2 — 108.20.
Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are made the new lows of the year.
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