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 made new lows
2019-11-11 • Updated
Technical levels: support – 111.00; resistance – 111.80.
- Buy — 111.00; SL — 110.80; TP1 — 111.80; TP2 — 112.00.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.
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