USD/JPY: the Dollar fell to Kijun-sen

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Technical levels: support – 112.80; resistance – 114.00.

Trade recommendations:

  1. Sell — 113.50; SL — 113.70; TP1 — 112.80.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel Tenkan-Kijun; the market corrected to Kijun-sen, but the line can’t stop the Bears.

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