USD/JPY: dollar can’t breakout SSA’s resistance

USD/JPY: dollar can’t breakout SSA’s resistance

Technical levels: support – 113.00, 112.80; resistance – 113.60.

Trade recommendations:

  1. Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.

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jpy

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