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USD/JPY: the Dollar supported by Kijun-sen

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Technical levels: support – 106.80; resistance – 107.50, 107.80.

Trade recommendations:

  1. Buy — 107.10/20; SL — 107.00; TP1 — 107.80.
  2. Sell — 107.80; SL — 108.00; TP1 — 107.10; TP2 — 106.80.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is supported by Kijun-sen and may going to new highs.

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