USD/JPY: new lows of Dollar

Read the article on FBS website

Technical levels: support – 108.00; resistance – 108.90.

Trade recommendations:

  1. Sell — 108.50; SL — 108.70; TP1 — 108.00; TP2 — 107.30.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market had returned to resistance of Tenkan-sen and Kijun and may continue the downtrend.

04-usdjpyh4.png

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.