Speculation persists regarding the Bank of Japan's potential departure from negative interest rates, yet the USD/JPY maintains its position within a 150–152 range for seven consecutive sessions. Caution is warranted due to a weaker-than-expected Q3 GDP, a slump in imports, and...
USD/JPY: Dollar may go lower
2019-11-11 • Updated
Technical levels: support – 112.00, 111.60; resistance – 112.70.
- Sell — 112.20; SL — 112.40; TP1 — 111.60; TP2 — 111.30.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; but the market is under the Tenkan’s resistance.
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