USD/JPY: trading in Tenkan-Kinjun

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Technical levels: support – 110.80, 110.50; resistance – 111.50.

Trade recommendations:

1. Sell — 111.10; SL — 111.30; TP1 — 110.50; TP2 — 110.10.

Reason: bullish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market entered in channel of Tenkan-sen and Kijun.

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