Comment
USDJPY in Daily timeframes shows continuously bullish by Ichimoku Kinko Hyo.
Ichimoku Analysis
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles
Next Scenario
As long as market is above Tenkan sen, it can go up to the previous resistance at 110.96 level. Once it breaks, the next target is 111.70 level which is a high from last March.
Kumo is getting thicker so the probability for the breakout is relatively higher.
USDJPY in Daily timeframes shows continuously bullish by Ichimoku Kinko Hyo.
Ichimoku Analysis
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles
Next Scenario
As long as market is above Tenkan sen, it can go up to the previous resistance at 110.96 level. Once it breaks, the next target is 111.70 level which is a high from last March.
Kumo is getting thicker so the probability for the breakout is relatively higher.
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.