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USD/JPY: trades continue in cloudy area

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Technical levels: support – 111.50, 111.00; resistance – 112.20/30.

Trade recommendations:

  1. Buy — 111.50; SL — 112.30; TP1 — 112.20; TP2 — 113.20.

Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen; the prices keep staying in the cloudy area; strong support of horizontal Kijun-sen and Senkou Span A.

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