Japan's inflation is at 2%, but what about a weaker Yen?
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 on Cloud
2019-11-11 • Updated
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.
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