USDJPY is Heading Towards the 25-year High
What happened? A rise in Treasury yields and solid US labor data on Friday boosted the dollar, which climbed against the basket of major currencies…
USD/JPY: the Dollar looks strong
2019-11-11 • Updated
Technical levels: support – 111.50/60; resistance – 112.00, 112.60.
Trade recommendations:
- Buy — 111.80; SL — 111.50; TP1 — 112.60; TP2 — 113.00.
Reason: bearish Ichimoku Cloud but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance of SSB and Tenkan-sen but the Bulls may continue uptrend.
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