Recently, the Bank of Canada hiked the interest rates by 50 basis points. It is now 1.5%, and it’s only the beginning.
USD/JPY: the Bulls don’t give up
2019-11-11 • Updated
Technical levels: support – 113.00; resistance – 114.00.
- Buy — 113.00; SL — 112.80; TP1 — 113.50; TP2 — 114.00.
Reason: irregular bullish Ichimoku Cloud with falling Senkou Span B; a weak dead cross of Tenkan-sen and Kijun-sen; the prices entered into the positive zone and may continue to grow.
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