USD/JPY: dollar keep staying inside Cloud

USD/JPY: dollar keep staying inside Cloud

Technical levels: support – 110.90, 111.30; resistance – 112.00, 112.80.

Trade recommendations:

  1. Buy — 111.30; SL — 111.10; TP1 — 112.00; TP2 — 112.80.

Reason: bullish Ichimoku Cloud but rising Senkou Span B; a correctional dead cross of Tenkan-sen and Kijun-sen; the prices on the support of Senkou Span B and may continue growing up.

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jpy

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Latest news

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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