USD/JPY: Dollar will test Cloud’s support

Read the article on FBS website

Technical levels: support – 112.30/40; resistance – 113.00, 113.30.

Trade recommendations:

  1. Buy — 112.60; SL — 112.40; TP1 — 113.30; TP2 — 114.00.

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the horizontal Tenkan-sen and Kijun-sen; the prices are breaking down the Kijun’s support and going to Cloud.

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.