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USD/JPY: dollar going to negative area

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Technical levels: support – 190.30, 108.90; resistance – 109.60, 109.90.

Trade recommendations:

  1. Sell — 109. 50; SL — 109.70; TP1 — 108.90; TP2 — 108.50.

Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen and the falling lines; Dollar is going to new lows and may breakdown the support of the Cloud.

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