USD/JPY: Dollar may restart downtrend

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Technical levels: support – 110.40; resistance – 110.70.

Trade recommendations:

1. Sell — 110.60; SL — 110.80; TP1 — 110.00; TP2 — 109.40.

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support.

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