Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/JPY: the Dollar corrected to Cloud
Technical levels: support – 113.20; resistance – 114.00.
Trade recommendations:
- Sell — 113.80; SL — 114.00; TP1 — 113.20; TP2 — 112.70.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices returned to the Cloud in a correctional movement and may enter to cloudy area.
Tatyana Norkina
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