USD/JPY: Dollar entered inside a negative area

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Technical levels: support – 106.50; resistance – 107.00.

Trade recommendations:

  1. Sell — 106.80; SL — 107.00; TP1 — 106.10; TP2 — 105.30.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal and narrowing channel Tenkan-Kijun; the bears are breakdown the support of Senkou Span A, Tenkan-sen and Kijun-sen and the market may continue existing downtrend.

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