Tatiana Norkina, FBS analyst
The USD/JPY currency pair ended up again next to the four-hour Ichimoku cloud during yesterday's trading session. The bears are increasing pressure and trying to break the cloud downwards, which is why, the Senkou Span A and B lines cannot reinforce its bullish character. More to that, the pair has gotten into the negative zone this morning, which could affect further trading since consolidation under the cloud may mean the end of the bulls' attempts to recover the market.
Technical levels: support – 119.60; resistance – 120.00.
Trade recommendations: off the market.