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USD/JPY: dollar returned to Cloud

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Technical levels: support – 112.50; resistance – 113.00

Trade recommendations:

  1. Buy — 113.10; SL — 112.90; TP1 — 113.80; TP2 — 114.50.
  2. Sell — 112.60; SL — 112.80; TP1 — 112.00; TP2 — 111.00.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span Aand B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices returned to support of the Cloud.

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