USD/JPY: dollar is in correction to Cloud
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Technical levels: support – 111.40, 111.10; resistance – 111.90, 112.20.
Trade recommendations:
- Buy — 111.40; SL — 111.20; TP1 — 111.90; TP2 — 112.20.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun; the prices are breaking down the Kijun’s support and in correction local trend to the Cloud.
