USD/JPY: trading in Tenkan-Kinjun
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.