USD/JPY: Dollar fell into negative zone

USD/JPY: Dollar fell into negative zone

Technical levels: support – 111.70/80; resistance – 112.60, 113.00.

Trade recommendations:

  1. Buy — 111.90; SL — 111.70; TP1 — 113.00; TP2 — 113.30.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is on the strong support of the daily levels.

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jpy

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