USD/JPY: SSB is under attack

USD/JPY: SSB is under attack

Technical levels: support – 111.00, 110.15; resistance – 111.70.

Trade recommendations:

  1. Sell — 111.70; SL — 111.90; TP1 — 111.00; TP2 — 110.15.
  2. Buy — 111.20; SL — 111.00; TP1 — 111.70.

Reason: neutral Ichimoku Cloud, Senkou Span A and B have a same value; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are on Senkou Span B.

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USD/JPY: dollar made new lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

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