USD/JPY Forecast: the Dollar fell into negative zone

jpy_1Technical levels: support – 111.50; resistance – 113.00.

Trade recommendations:

  1. Buy — 111.50; SL — 111.30; TP1 — 112.50; TP2 — 113.00.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market is in negative mood, but there is a main daily support on 111.50.

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