USD/JPY: Dollar reached new highs

USD/JPY: Dollar reached new highs

Technical levels: support – 112.40; resistance – 113.40.

Trade recommendations:

  1. Sell — 113.40; SL — 113.60; TP1 — 112.60; TP2 — 112.20.

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and the prices under the strong daily resistance.

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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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