Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.
USD/JPY: the Dollar returned to SSB
Technical levels: support – 109.40, 108.80; resistance – 110.00.
- Sell — 109.60; SL — 109.80; TP1 — 108.80; TP2 — 108.40.
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; the market returned to Cloud and may continue daily downtrend.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart, AUD/USD pulled back after reaching 113% target of the “Double top”.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…