Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
USD/JPY: dollar reached Cloud’s resistance
2019-11-11 • Updated
Technical levels: support – 109.20; resistance – 109.75.
- Sell — 109. 50/60; SL — 109.80; TP1 — 109.00; TP2 — 108.60.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud.
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