USD/JPY: Dollar going to new lows

USD/JPY: Dollar going to new lows

Technical levels: support – 110.15; resistance – 110.90.

Trade recommendations:

  1. Sell — 110.90; SL — 111.10; TP1 — 110.20; TP2 — 119.60.

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; Tenkan-sen and Kijun-sen will make a new dead cross; the prices are bounced from Senkou Span A and made the new lows for last two weeks.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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