USD/JPY: the Bears have won

USD/JPY: the Bears have won

Technical levels: support – 109.50; resistance – 110.00.

Trade recommendations:

  1. Buy — 109.50; SL — 109.30; TP1 — 110.00; TP2 — 110.40.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market inside a Cloud, but supported by Senkou Span A – waiting for correction to Kijun-sen.

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jpy

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