Recommendation: BUY 0…
USD/JPY: Dollar made new local lows
Technical levels: support – 110.00; resistance – 110.50.
- Sell — 110.50; SL — 110.70; TP1 — 110.00; TP2 — 109.60.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the prices are made the new lows, but the market is oversold.
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.
GBP/CHF broke pivotal resistance level 1…