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 daily resistance
2019-11-11 • Updated
Technical levels: support – 110.60; resistance – 112.80.
- Sell — 112.30; SL — 112.50; TP1 — 111.60; TP2 — 111.10.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market reached daily resistance on 112.80 and now in correctional movement.
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