Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.
USD/JPY: new lows of Dollar
Technical levels: support – 108.00; resistance – 108.90.
- 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.
Expanding bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but horizontal lines.
On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…