USD/JPY: dollar testing SSB’s support

USD/JPY: dollar testing SSB’s support

Technical levels: support – 113.20; resistance – 113.80.

Trade recommendations:

  1. Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80.
  2. Sell — 113.30; SL — 113.50; TP1 — 112.40; TP2 — 112.20.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are tested the support of Senkou Span B and staying inside a Cloud.

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