As is the custom, every new month in the financial market often presents long-term, swing trading opportunities for traders like you and me. Even better, FBS is usually there to provide insights into the expected trading opportunities through such analytical pieces as this.
USD/JPY: dollar returned to positive area
2019-11-11 • Updated
Technical levels: support – 110.50; resistance – 110.90, 111.10.
- Buy — 110.50; SL — 110.30; TP1 — 110.90; TP2 — 111.10.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market returned to positive zone and may continue existing uptrend.
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