USD/JPY: the spring continues to shrink
The currency pair USD/JPY continues to stay above the Tenkan-Sen line. The Bulls could not continue the uptrend despite its efforts. As we said earlier, there is a strong resistance in the area of 106.30/40. Therefore, if today this level will not be passed, we will expect a correction to the Ichimoku cloud.
Technical levels: support – 105.10; resistance – 106.00, 106.40.
1. Sell — 106.00; SL — 106.20; TP1 — 105.10; TP2 — 104.10.