USD/JPY: Dollar returned to Cloud

USD/JPY: Dollar returned to Cloud

2023-11-24 • Updated

Technical levels: support – 110.40; resistance – 111.40.

Trade recommendations:

1. Sell — 111.20; SL — 111.40; TP1 — 110.00; TP2 — 109.40.

Reason: bearish Ichimoku Cloud, but Senkou Span A is rising; cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are under strong resistance of the Cloud.

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