Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
USD/JPY: the Dollar attacks 110.00 again
Technical levels: support – 109.50, 109.20; resistance – 110.00, 110.50.
- Buy — 109.80; SL — 109.50 TP1 — 110.50.
- Sell — 110.50; SL — 110.70 TP1 — 110.00; TP2 — 109.50.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the market supported by 4H’s Cloud, but the prices under the strong pressure of 110.00.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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