As is the custom, every new month in the financial market often presents long-term, swing trading opportunities for traders like you and me. Even better, FBS is usually there to provide insights into the expected trading opportunities through such analytical pieces as this.
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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