USD/JPY: dollar corrected to Kijun-sen

USD/JPY: dollar corrected to Kijun-sen

Technical levels: support – 109.00; resistance – 109.750.

Trade recommendations:

  1. Sell — 109.40/50; SL — 109.70; TP1 — 109.00; TP2 — 108.60.

Reason: bearish Ichimoku Cloud, but Senkou Span A and B are horizontal; a dead cross of Tenkan-sen and Kijun-sen; the market has been corrected to Kijun-sen; waiting to continue of downtrend.





Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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