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USD/JPY: new lows of Dollar

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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.

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