USD/JPY: Dollar breaking down SSB’s support

USD/JPY: Dollar breaking down SSB’s support

Technical levels: support – 110.75, 110.45; resistance – 111.30.

Trade recommendations:

  1. Sell — 111.00; SL — 111.20; TP1 — 110.45; TP2 — 109.70.

Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are breaking the SSB’s support and going to Cloud’s support.

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