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 returned to Kijun
2019-11-11 • Updated
Technical levels: support – 105.00, 104.30; resistance – 105.60.
- Sell — 105.50; SL — 105.70; TP1 — 105.00; TP2 — 104.30.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen; a market was oversold and corrected to Kijun-sen – the downtrend may continue soon.
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