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 will continue downtrend
2022-04-15 • Updated
Technical levels: support – 110.30; resistance – 111.00
- Sell — 110.70/80; SL — 111.00; TP1 — 110.30; TP2 — 110.00.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak goldean cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the weak Kijun’s support.
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