USD/JPY: Dollar going to new lows
Technical levels: support – 110.15; resistance – 110.90.
Trade recommendations:
- Sell — 110.90; SL — 111.10; TP1 — 110.20; TP2 — 119.60.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; Tenkan-sen and Kijun-sen will make a new dead cross; the prices are bounced from Senkou Span A and made the new lows for last two weeks.