USD/JPY Forecast: dollar reached July’s highs

jpy_1Technical levels: support – 112.60; resistance – 113.00

Trade recommendations:

Buy — 112.60; SL — 112.40; TP1 — 113.00; TP2 — 113.60.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices supported by Kijun-sen and may go higher.

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