Recommendation: BUY 0…
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.
Recommendation: SELL 1…
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had bounced from the 2Y-highs and going to correction.