USD/JPY: dollar rose to Cloud

USD/JPY: dollar rose to Cloud

Technical levels: support – 109.80; resistance – 110.70.

Trade recommendations:

  1. Sell — 110.70; SL — 110.90; TP1 — 109.80; TP2 — 109.10.

Reason: bearish Ichimoku Cloud with falling Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen, rising lines; the Cloud will resist the bull’s attack.

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