USD/JPY: Dollar going lower

USD/JPY: Dollar going lower

2023-11-24 • Updated

Technical levels: support – 108.70; resistance – 110.00.

Trade recommendations:

1. Sell — 109.80; SL — 110.00; TP1 — 108.70; TP2 — 108.20.

Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are made the new lows of the year.

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