EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
USD/JPY: the Dollar fell to Senkou Span B
Technical levels: support – 112.50; resistance – 113.40.
- Buy — 112.70/80; SL — 112.50; TP1 — 113.40; TP2 — 113.80.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market fell to support of the Cloud’s bottom border and may bounce to Kijun-sen.
EUR/JPY reversed down at the 200-week MA around 124.45. The pair became really overbought and formed a reversal pattern on the D1.
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