USD/JPY: the Dollar going higher

USD/JPY: the Dollar going higher

Technical levels: support – 109.80; resistance – 110.50, 110.90.

Trade recommendations:

  1. Buy — 110.00; SL — 109.80; TP1 — 110.50; TP2 — 110.90.

Reason: bullish, but narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; a market is in the positive zone and may go higher to daily resistance on 111.00.

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jpy

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