What happened? Japanese shares fell on Monday…
USD/JPY: the Dollar supported by Kijun-sen
2019-11-11 • Updated
Technical levels: support – 106.80; resistance – 107.50, 107.80.
- Buy — 107.10/20; SL — 107.00; TP1 — 107.80.
- Sell — 107.80; SL — 108.00; TP1 — 107.10; TP2 — 106.80.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is supported by Kijun-sen and may going to new highs.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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