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USD/JPY: the Dollar tested a Cloud’s resistance

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Technical levels: support – 111.50; resistance – 112.80, 113.00.

Trade recommendations:

  1. Sell — 112.80; SL — 113.00; TP1 — 112.10; TP2 — 111.50.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market keep staying in negative mood, but the Bulls testing the Cloud’s resistance.

04-usdjpyh4.png

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