USD/JPY: dollar ready to continue uptrend

USD/JPY: dollar ready to continue uptrend

Technical levels: support – 113.70; resistance – 114.40.

Trade recommendations:

  1. Buy — 113.70; SL — 113.50; TP1 — 114.40; TP2 — 114.80.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are entered into the positive area and fixed up on Kijun-sen and Senkou Span A.

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