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USD/JPY: the Dollar keep staying inside Cloud

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Technical levels: support – 112.00, 112.40; resistance – 113.00.

Trade recommendations:

  1. Buy — 112.40/50; SL — 112.20; TP1 — 113.00; TP2 — 113.50.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is inside a Cloud and supported by Senkou Span A, the Bulls may attack the SSb’s resistance.

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