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 want to give up
2019-11-11 • Updated
Technical levels: support – 105.80; resistance – 106.25.
- 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.
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