Global Reversal in USDJPY
What happened? Historically investors treated the Japanese Yen as a safe haven in times of world crisis…
USD/JPY: the Dollar in positive mood
2019-11-11 • Updated
Technical levels: support – 109.40, 108.80; resistance – 110.00.
Trade recommendations:
- Sell — 109.90; SL — 110.10; TP1 — 109.40; TP2 — 108.80.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market under SSB’s resistance and may return inside a Cloud.
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