USD/JPY: the Dollar rose into positive area

USD/JPY: the Dollar rose into positive area

2019-11-11 • Updated

Technical levels: support – 106.50, 106.00; resistance – 107.00, 107.50.

Trade recommendations:

  1. Sell — 107.50; SL — 107.70; TP1 — 106.50; TP2 — 106.00.
  2. Buy — 106.50/60; SL — 106.30; TP1 — 107.00; TP2 — 107.50.

Reason: bullish Ichimoku Cloud with the narrow channel and horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the Bulls got strength and breaking out the Cloud’s resistance.

04-usdjpyh4.png

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