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 negative area
2019-11-11 • Updated
Technical levels: support – 190.30, 108.90; resistance – 109.60, 109.90.
- Sell — 109. 50; SL — 109.70; TP1 — 108.90; TP2 — 108.50.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen and the falling lines; Dollar is going to new lows and may breakdown the support of the Cloud.
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