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USD/JPY: the Bulls can’t maintain uptrend

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Technical levels: support – 112.40/50; resistance – 113.00.

Trade recommendations:

  1. Sell — 112.70/80; SL — 113.00; TP1 — 112.00; TP2 — 111.50.

Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is still on SSB’s support and can’t exit to positive area.

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