USD/JPY: trend has changed

USD/JPY: trend has changed

Technical levels: support – 108.50, 108.00; resistance – 109.50.

Trade recommendations:

  1. Sell — 109.30; SL — 109.50; TP1 — 108.50; TP2 — 108.10.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market entered into the negative area changing so the main 4H-trend.

04-usdjpyh4.png

jpy

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

jpy

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