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 reached main daily resistance
2019-11-11 • Updated
Technical levels: support – 108.00, 109.00; resistance – 109.30/60.
- Sell — 109.50; SL — 109.70; TP1 — 109.00; TP2 — 108.20.
Reason: 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 overbought and under the main daily resistance.
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