USD/JPY: bulls took offensive

USD/JPY: bulls took offensive

Technical levels: support – 111.30, 110.15; resistance – 112.20.

Trade recommendations:

  1. Buy — 111.60; SL — 112.40; TP1 — 112.20; TP2 — 113.20.

Reason: narrowing bearish Ichimoku Cloud, horizontal Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud.

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USD/JPY: dollar made new lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

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