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USD/JPY: the Dollar supported by Cloud

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Technical levels: support – 111.00; resistance – 111.60.

Trade recommendations:

  1. Buy — 111.10/20; SL — 110.90; TP1 — 111.60; TP2 — 112.00.

Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are fixed up above the Cloud and the Bulls may continue buying the Dollar.

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