USD/JPY: Dollar will test Cloud’s support

USD/JPY: Dollar will test Cloud’s support

Technical levels: support – 112.30/40; resistance – 113.00, 113.30.

Trade recommendations:

  1. Buy — 112.60; SL — 112.40; TP1 — 113.30; TP2 — 114.00.

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the horizontal Tenkan-sen and Kijun-sen; the prices are breaking down the Kijun’s support and going to Cloud.

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