USD/JPY: dollar is corrected to Kijun-sen

USD/JPY: dollar is corrected to Kijun-sen

Technical levels: support – 112.00; resistance – 112.70.

Trade recommendations:

  1. Buy — 112.00; SL — 109.80; TP1 — 112.70; TP2 — 113.40.

Reason: expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

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