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USD/JPY: the Dollar reached 111.50

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Technical levels: support – 110.00; resistance – 111.50.

Trade recommendations:

  1. Sell — 110.80; SL — 111.00; TP1 — 110.00; TP2 — 109.50.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are reached the main daily resistance on 111.50 and the market is overbought now.

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