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 rose into positive area
2019-11-11 • Updated
Technical levels: support – 111.50; resistance – 112.00, 112.60.
- Buy — 111.80; SL — 111.50; TP1 — 112.60; TP2 — 113.00.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market is broke Cloud’s resistance and entered into positive zone.
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