USD/JPY: Dollar going to April’s highs
Technical levels: support – 110.80, 110.50; resistance – 111.50.
Trade recommendations:
1. Sell — 111.50; SL — 111.70; TP1 — 110.80; TP2 — 110.50.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen; the market is overbought.