Fed Chair Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in the US500 index since June. Most risky assets experienced severe drawdowns, and EURUSD returned to the above-parity area. We explain everything you need to know about the Symposium in this article.
USD/JPY: the Bears continue sells
2019-11-11 • Updated
Technical levels: support – 110.50; resistance – 111.50.
- 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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