USD/JPY: the Dollar returned into positive area again

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Technical levels: support – 106.30; resistance – 106.70, 107.30.

Trade recommendations:

  1. Sell — 107.30; SL — 107.50; TP1 — 106.30; TP2 — 106.00.

Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market had returned into the positive area, but there is a strong resistance on 107.30.

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