USD/JPY: dollar on main support

USD/JPY: dollar on main support

Technical levels: support – 108.60; resistance – 109.10.

Trade recommendations:

  1. Sell — 109. 10; SL — 109.30; TP1 — 109.00; TP2 — 108.50.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen and the falling lines; the Bears made a new lows, but the market is on the strong daily’s support.

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USD/JPY: dollar made new lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

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