USD/JPY: Dollar looks weak

USD/JPY: Dollar looks weak

2019-11-11 • Updated

Technical levels: support – 105.80; resistance – 106.25.

Trade recommendations:

  1. 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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