Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
USD/JPY: the Dollar keep staying under Cloud
2019-11-11 • Updated
Technical levels: support – 110.50; resistance – 111.20, 111.60.
- Buy — 111.00; SL — 110.80; TP1 — 111.60; TP2 — 112.60.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is under the pressure of the Cloud, but there is strong support on 110.50.
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