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 going to annual maximums
2019-11-11 • Updated
Technical levels: support – 110.60; resistance – 112.60/80.
- Sell — 112.60; SL — 112.80; TP1 — 111.60; TP2 — 111.10.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market has updated the local highs and overbought now.
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