As is the custom, every new month in the financial market often presents long-term, swing trading opportunities for traders like you and me. Even better, FBS is usually there to provide insights into the expected trading opportunities through such analytical pieces as this.
USD/JPY: the Dollar going higher
2019-11-11 • Updated
Technical levels: support – 109.80; resistance – 110.50, 110.90.
- Buy — 110.00; SL — 109.80; TP1 — 110.50; TP2 — 110.90.
Reason: bullish, but narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; a market is in the positive zone and may go higher to daily resistance on 111.00.
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