USD/JPY: the Bulls don’t want to give up

USD/JPY: the Bulls don’t want to give up

2019-11-11 • Updated

Technical levels: support – 105.80; resistance – 106.25.

Trade recommendations:

  1. Buy — 106.30; SL — 106.10; TP1 — 107.50; TP2 — 107.80.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the market is breaking out the resistance of Tenkan-sen and Kijun-sen.

04-usdjpyh4.png

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