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USD/JPY: dollar fixed positions on Cloud

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Technical levels: support – 113.90, 113.50; resistance – 114.40.

Trade recommendations:

  1. Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80.
  2. Sell — 113.80; SL — 114.00; TP1 — 113.00; TP2 — 112.40.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are on the support of the Cloud.

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