USD/JPY: the Bears continue sells

USD/JPY: the Bears continue sells

2019-11-11 • Updated

Technical levels: support – 110.50; resistance – 111.50.

Trade recommendations:

  1. Buy — 110.70; SL — 110.50; TP1 — 111.50; TP2 — 111.80.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the market returned to negative zone but near strong support of 110.50.

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