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USD/JPY: the Dollar returned to 109.00

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Technical levels: support – 108.00, 109.00; resistance – 109.50/60.

Trade recommendations:

  1. Sell — 109.00; SL — 109.20; TP1 — 108.20; TP2 — 108.00.

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 market had reached the main daily resistance on 109.50/60 and extremely overbought now.

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