USD/JPY: dollar is overbought

USD/JPY: dollar is overbought

Technical levels: support – 112.80; resistance – 113.60.

Trade recommendations:

  1. Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.40.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under the strong resistance near 113.50/60 and the market is overbought.

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jpy

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