USD/JPY: Dollar stuck in the Clouds

USD/JPY: Dollar stuck in the Clouds

Technical levels: support – 111.00; resistance – 112.20/30.

Trade recommendations:

  1. 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.

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jpy

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