USD/JPY: dollar reached Cloud’s resistance

USD/JPY: dollar reached Cloud’s resistance

Technical levels: support – 109.20; resistance – 109.75.

Trade recommendations:

  1. Sell — 109. 50/60; SL — 109.80; TP1 — 109.00; TP2 — 108.60.

Reason: bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud.

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USD/JPY: dollar will continue downtrend

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.

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