The price has successfully crossed both the Kijun line and the upper limit of the Ichimoku cloud, which is a strong bullish signal and shows positive bullish momentum. At the moment the price is retesting the Kijun line as a support. The Kijun is a strong support/resistance level and if it holds (here at around 55900) price will likely bounce back resuming the upward trend.
If the Kijun fails to hold the price, then next support level is the bottom of the cloud at around 52400.
If the Kijun fails to hold the price, then next support level is the bottom of the cloud at around 52400.
