USD/JPY Forecast: new lows of Dollar

news_22_feb_1_usd_jpy-Technical levels: support – 108.00; resistance – 108.90.

Trade recommendations:

Sell — 108.50; SL — 108.70; TP1 — 108.00; TP2 — 107.30.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market had returned to resistance of Tenkan-sen and Kijun and may continue the downtrend.


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