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USD/JPY: Dollar tested SSB’s support

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Technical levels: support – 111.70/80; resistance –  112.60, 113.00.

Trade recommendations:

  1. Buy — 112.10; SL — 111.90; TP1 — 113.00; TP2 — 113.30.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction,  tested the strong support of Senkou Span B.

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