USD/JPY: the Dollar made new highs of year

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Technical levels: support – 113.30; resistance – 114.50.

Trade recommendations:

  1. Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.50.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices are reached the new highs of 2018 and may return to Kijun’s support.

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