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Short

USD/JPY Intraday Trade Idea

FX:USDJPY   U.S. Dollar/Japanese Yen
163 1 1
Intraday trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 117.50
Kijun-Sen level: 117.57
Ichimoku cloud top: 117.89
Ichimoku cloud bottom: 118.09
USD/JPY             has broken short term support 117.30 and is expected to reach 116.78/166.31 in the short term.
The USD/JPY             minor resistance is around 117.55 (200 day HMA) and any indicative break above would extend gain to 118/118.30.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell

Recommendation: Sell USD/JPY             around 117.35-40, SL 117.61, Target 116.81.