USD/JPY: the Dollar supported by Cloud

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Technical levels: support – 108.30, 109.20; resistance – 109.60, 110.00.

Trade recommendations:

  1. Sell — 109.60; SL — 109.80 TP1 — 108.60; TP2 — 108.30.

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the market supported by 4H’s Cloud, but the prices under the strong pressure of 110.00.

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