USD/JPY: Dollar made new highs

USD/JPY: Dollar made new highs

Technical levels: support – 112.00; resistance – 112.65, 112.80.

Trade recommendations:

1. Buy — 112.00; SL — 111.80; TP1 — 112.65; TP2 — 112.80.

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under daily resistance.

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