USD/JPY: market tests Cloud’s support

USD/JPY: market tests Cloud’s support

2019-11-11 • Updated

Technical levels: support – 113.50, 113.00; resistance – 114.00/10.

Trade recommendations:

  1. Buy — 113.50; SL — 113.30; TP1 — 114.50; TP2 — 115.00.

Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; the market returned to the Cloud’s support after unsuccessful level breakouts on 114.00.

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