USD/JPY: trade idea

Technical levels: support – 106.80; resistance – 107.50, 107.80.

Trade recommendations:

Buy — 107.10; SL — 107.00; TP1 — 107.80.
Sell — 106.70; SL — 106.90; TP1 — 106.00; TP2 — 105.30.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, but falling Kijun-sen; the prices are on the Cloud’s support.

jpy

Tatyana Norkina

Similar

15.11.2018 08:17 USD/JPY: market tests Cloud’s support

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.

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15.11.2018 08:15 AUD/USD: aussie continue uptrend

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines.

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15.11.2018 07:47 USD/JPY: the USD is weak again

On the daily chart of USD/JPY, a break of the support at 112.85 and an exit out of the upward channel may mean an implementation of reversal 1-2-3 and "Three Indians" patterns.

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Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

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