USD/JPY: Dollar entered into Cloudy area

USD/JPY: Dollar entered into Cloudy area

Technical levels: support – 112.10; resistance –  113.30.

Trade recommendations:

  1. Buy — 112.10; SL — 111.90; TP1 — 113.00; TP2 — 113.30.

Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction to Senkou Span B – waiting for bouncing.

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