USD/JPY: dollar in correction

USD/JPY: dollar in correction

2019-11-11 • Updated

Technical levels: support – 113.00; resistance – 113.60.

Trade recommendations:

  1. Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.

Reason: expanding bulllish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the main resistance and returned to support of Tenkan-sen.

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