USD/JPY: dollar in consolidation

USD/JPY: dollar in consolidation

Technical levels: support – 110.50; resistance – 110.70, 111.10.

Trade recommendations:

  1. Buy — 110.50; SL — 110.30; TP1 — 111.10; TP2 — 111.60.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are in consolidation movement above the Cloud’s upper border.

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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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