USD/JPY: meeting with the cloud
The bullish sentiment prevailed yesterday on market of the currency pair USD/JPY. Correction caused by market’s oversold has continued deep into the Ichimoku cloud on the four-hour timeframe. And rising has continued to the 103-rd figure. There was a bulls meeting with resistance of the clouds top bounds. It makes sense to expect a downward rebounding and a continuation of trading inside a cloud.
Technical levels: support – 101.70, 101.00; resistance – 103.10.
1. Sell — 103.00; SL — 103.20; TP1 — 102.00; TP2 — 101.70.