After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
USD/JPY: dollar/yen still in negative mood
2019-11-11 • Updated
Technical levels: support – 112.00; resistance – 112.50.
- Sell — 112.20; SL — 112.50; TP1 — 111.80; TP2 — 111.50.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market in negative area again and under the SSA’s resistance.
After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
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