USD/JPY: Dollar approached to resistance

USD/JPY: Dollar approached to resistance

Technical levels: support – 113.90, 113.30; resistance – 114.50.

Trade recommendations:

1. Sell — 114.50; SL — 112.70; TP1 — 113.30; TP2 — 112.80.

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are under strong daily resistance.

jpy

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