New Beginning for the Canadian Dollar
Recently, the Bank of Canada hiked the interest rates by 50 basis points. It is now 1.5%, and it’s only the beginning.
USD/JPY: Dollar will test SSB’s support
2019-11-11 • Updated
Technical levels: support – 111.50; resistance – 112.40.
Trade recommendations:
- Buy — 111.50; SL — 111.30; TP1 — 112.40; TP2 — 112.80.
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen; the prices are falling down to the support of lower border of the Cloud.
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