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USD/JPY: dollar/yen inside a Cloud

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Technical levels: support – 112.00; resistance – 113.00.

Trade recommendations:

  1. Sell — 113.00; SL — 113.20; TP1 — 112.50; TP2 — 112.10.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices returned to cloudy area and the Bulls may test an upper border of the Cloud.

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