USD/JPY: Dollar is in consolidation

USD/JPY: Dollar is in consolidation

Technical levels: support – 113.00, 112.40; resistance –  113.60.

Trade recommendations:

  1. Sell — 113.20; SL — 113.40; TP1 — 112.40; TP2 — 112.10.

Reason: narrow bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are under the strong resistance on daily timeframe.

04-usdjpyh4.png

jpy

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