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 new highs
2019-11-11 • Updated
Technical levels: support – 112.40; resistance – 113.40.
- Sell — 113.40; SL — 113.60; TP1 — 112.60; TP2 — 112.20.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and the prices under the strong daily resistance.
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