USD/JPY Forecast: correction to the Cloud

jy-l2Technical levels: support – 100.00; resistance – 100.90, 101.50.

Trade recommendations:

1. Sell — 100.90; SL — 101.10; TP1 — 100.00; TP2 — 99.00.

Reason: a bearish Ichimoku Cloud; the cancelled dead cross of Tenkan-sen and Kijun-sen for the oversold reason; a strong resistance of Senkou Span A.

Origin: FX BAZOOKA

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