What happened? Historically investors treated the Japanese Yen as a safe haven in times of world crisis…
USD/JPY: the Dollar fell to Kijun-sen
2019-11-11 • Updated
Technical levels: support – 112.80; resistance – 114.00.
- Sell — 113.50; SL — 113.70; TP1 — 112.80.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel Tenkan-Kijun; the market corrected to Kijun-sen, but the line can’t stop the Bears.
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