USD/JPY: the shaky dollar
Tenkan-Sen and Kijun-sen formed a strong resistance, and the bulls were not able to get aboveduring yesterday’s session, despite the positive character Ichimoku cloud. The golden cross was repealed and dead cross was formed instead. The bears took this advantage and accelerated the pace of sales. As a result, trading is now continuing within the Cloud. In the near future we expect the test the lower border of the Cloud.
Technical levels: support – 103.75; resistance – 105.10.
1. Buy — 103.75; SL — 103.55; TP1 — 105.10; TP2 — 106.15.