Daily Technical Analysis

USD/JPY: bulls gone to attack

Trade recommendations:

1. Buy — 117.40; SL — 117.20; TP1 — 118.70; TP2 — 119.20.

Technical levels: support – 117.40; resistance – 118.70, 119.20.

Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the narrow channel of Tenkan and Kijun; the prices are on the Cloud’s support.

                                                               

                                                                FX Promo || Forex Promotion