USD/JPY: the Dollar supported by Senkou Span A

USD/JPY: the Dollar supported by Senkou Span A

2019-11-11 • Updated

Technical levels: support – 107.20; resistance – 107.80.

Trade recommendations:

  1. Buy — 107.20/30; SL — 107.00; TP1 — 107.80; TP2 — 108.20.

Reason: narrowing, but bullish Ichimoku Cloud with falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market had corrected to Cloud and supported by Senkou Span A.

04-usdjpyh4.png

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