USD/JPY: the Dollar corrected to Cloud

USD/JPY: the Dollar corrected to Cloud

2019-11-11 • Updated

Technical levels: support – 113.20; resistance – 114.00.

Trade recommendations:

  1. Sell — 113.80; SL — 114.00; TP1 — 113.20; TP2 — 112.70.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices returned to the Cloud in a correctional movement and may enter to cloudy area.

04-usdjpyh4.png

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