It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
USD/JPY: dollar fixed positions on Cloud
2022-04-15 • Updated
Technical levels: support – 113.90, 113.50; resistance – 114.40.
- Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80.
- Sell — 113.80; SL — 114.00; TP1 — 113.00; TP2 — 112.40.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are on the support of the Cloud.
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