Fed Chair Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in the US500 index since June. Most risky assets experienced severe drawdowns, and EURUSD returned to the above-parity area. We explain everything you need to know about the Symposium in this article.
USD/JPY: the Dollar returned to August’s highs
2019-11-11 • Updated
Technical levels: support – 111.40; resistance – 112.00.
- Sell — 111.60; SL — 111.80; TP1 — 111.00; TP2 — 110.80.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with extremely narrow diapason; the prices are reached the main resistance levels.
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