USD/JPY Forecast: Dollar will continue downtrend

jpy_1_newsTechnical levels: support – 110.30; resistance – 111.00

Trade recommendations:

Sell — 110.70/80; SL — 111.00; TP1 — 110.30; TP2 — 110.00.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak goldean cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the weak Kijun’s support.

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