USD/JPY: dollar making new highs

USD/JPY: dollar making new highs

Technical levels: support – 110.50; resistance – 111.10, 111.60.

Trade recommendations:

  1. Buy — 110.50; SL — 110.30; TP1 — 111.10; TP2 — 111.60.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a strong golden cross of Tenkan-sen and Kijun-sen with rising lines; the market is made a new highs but overbought now.

04-usdjpyh4.png

jpy

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