How Will BOJ Statement Affect the Yen?
The Bank of Japan is expected to release a statement regarding its monetary policy for the second time this year. This statement, due on the 10th of March, usually...
USD/JPY: Dollar looks weak
2019-11-11 • Updated
Technical levels: support – 105.80; resistance – 106.25.
Trade recommendations:
- Sell — 106.25; SL — 106.45; TP1 — 105.50; TP2 — 105.00.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with the falling lines; the prices entered into the negative area and may continue the downtrend.
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