Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen and falling Tenkan-sen; the prices are on the Kijun’s support, but the Bears may breaking down it.
USD/JPY: Dollar tested Cloud’s resistance
Technical levels: support – 110.40, 110.75; resistance – 111.40.
1. Sell — 111.20; SL — 111.40; TP1 — 110.75; TP2 — 110.40.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are under resistance of Senkou Span A.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are entered into the negative area, but there is a strong support on 1.2290.
Recommendation: SELL 1…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…