EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
USD/JPY: new lows of Dollar
Technical levels: support – 108.00; resistance – 108.90.
Trade recommendations:
- 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.
Tatyana Norkina
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