USD/JPY: the Dollar on Cloud’s support

USD/JPY: the Dollar on Cloud’s support

2019-11-11 • Updated

Technical levels: support – 110.80; resistance – 111.25.

Trade recommendations:

  1. Sell — 110.70; SL — 110.90; TP1 — 110.80; TP2 — 110.50.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the support of the Cloud but the Bears looks strong.

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