USD/JPY: Dollar made new local lows

USD/JPY: Dollar made new local lows

Technical levels: support – 110.00; resistance – 110.50.

Trade recommendations:

  1. Sell — 110.50; SL — 110.70; TP1 — 110.00; TP2 — 109.60.

Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the prices are made the new lows, but the market is oversold.

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