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USD/JPY: Bulls tested SSA’s resistance

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Technical levels: support – 112.00; resistance – 112.40, 112.90.

Trade recommendations:

  1. Buy — 112.20; SL — 112.00; TP1 — 112.90; TP2 — 113.40.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are supported by Tenkan-sen and Kijun-sen and will going to positive area.

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