USD/JPY: Dollar in consolidation to Cloud

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Technical levels: support – 108.70; resistance – 109.20.

Trade recommendations:

1. Sell — 109.20; SL — 109.40; TP1 — 108.70; TP2 — 108.20.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen; the prices are under pressure of the Cloud.

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