Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.
USD/JPY: Dollar stuck in the Clouds
Technical levels: support – 111.00; resistance – 112.20/30.
- Buy — 111.50; SL — 112.30; TP1 — 112.20; TP2 — 113.20.
Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak dead cross of Tenkan-sen and Kijun-sen; the prices are on the SSA.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are a tested the main daily resistance, but the market needs a correction.
Recommendation: BUY 0…
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