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USD/JPY: the Dollar supported by Cloud

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Technical levels: support – 106.15; resistance – 106.70, 107.00.

Trade recommendations:

  1. Buy — 106.30/40; SL — 106.10; TP1 — 107.00; TP2 — 107.50.

Reason: bullish Ichimoku Cloud, but there is a falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market had returned to the Cloud but supported by Senkou Span B.

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