USDJPY is Heading Towards the 25-year High
What happened? A rise in Treasury yields and solid US labor data on Friday boosted the dollar, which climbed against the basket of major currencies…
USD/JPY: dollar keep staying inside Cloud
2019-11-11 • Updated
Technical levels: support – 109.20, 109.80; resistance – 110.30.
Trade recommendations:
- Sell — 109.70; SL — 109.90; TP1 — 109.20; TP2 — 108.80.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keeps consolidation inside a 4H-Cloud, but the Bears looks stronger.
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