USD/JPY: the Dollar rose into positive area
Technical levels: support – 106.50, 106.00; resistance – 107.00, 107.50.
Trade recommendations:
- Sell — 107.50; SL — 107.70; TP1 — 106.50; TP2 — 106.00.
- Buy — 106.50/60; SL — 106.30; TP1 — 107.00; TP2 — 107.50.
Reason: bullish Ichimoku Cloud with the narrow channel and horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the Bulls got strength and breaking out the Cloud’s resistance.