USD/JPY: new lows of Dollar

USD/JPY: new lows of Dollar

Technical levels: support – 108.00; resistance – 108.90.

Trade recommendations:

  1. Sell — 108.50; SL — 108.70; TP1 — 108.00; TP2 — 107.30.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market had returned to resistance of Tenkan-sen and Kijun and may continue the downtrend.

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jpy

Similar

Check USD/TRY

USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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