Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak goldean cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the weak Kijun’s support.
EUR/USD: euro fixed positions over Kijun-sen
Technical levels: support – 1.1725, 1.1700; resistance – 1.1760/70.
- Sell — 1.1750; SL — 1.1770; TP1 — 1.1700; TP2 – 1.1650
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are breakout the Kijun’s resistance, but there is a stronger resistance of the Cloud.
Bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; a market is overbought and under the strong resistance of 0.8030.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is in correction phase.
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
Recommendations: BUY 0…
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