USD/JPY: dollar going to annual maximums

2018-07-12 16:01    FBS

Technical levels: support – 110.60; resistance – 112.60/80.

Trade recommendations:

  1. Sell — 112.60; SL — 112.80; TP1 — 111.60; TP2 — 111.10.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market has updated the local highs and overbought now.

USD/JPY: dollar going to annual maximums Institution Opinions

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