USD/JPY: Dollar returned to June’s levels

USD/JPY: Dollar returned to June’s levels

Technical levels: support – 110.30; resistance – 111.00, 111.50.

Trade recommendations:

  1. Sell — 111.00; SL — 110.20; TP1 — 110.30; TP2 — 110.10.
  2. Buy — 110.30; SL — 110.10; TP1 — 111.00; TP2 — 111.40.

Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are bounced from Tenkan-sen and going lower in the negative area.

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jpy

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

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Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are corrected to Kijun’s resistance and may continue the downtrend.

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the prices entered inside a Cloud and fixed up above Tenkan-sen.

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