USD/JPY: bulls remain active
By Tatyana Norkina
USD/JPY returned up to 115.80 on Wednesday getting support from Kijun-sen (blue line at 115.00). The market is bullish as the Golden Cross is active and the Ichimoku Cloud keeps expanding to the upside.
At the same time, MACD divergence means that traders should be cautious with longs.
Technical levels: support – 115.70; resistance – 115.80.
1. Buy — 115.70; SL — 115.50; TP1 — 116.00; TP2 — 116.50.