USDJPY continuously bullish by Ichimoku
Comment
USDJPY Daily chart is breaking the resistance line at 109.81 and shows continuous bullish trend as per below Ichimoku confirmations.
Ichimoku Confirmation
- Kumo (Senko span A and B) up
- Kumo itself is long and thick
- Kijun sen is up
- Tenkan sen is up
- Chiko span above candles
Scenario
- Since it is "breaking" the resistance at 109.81 on Daily timeframe, better wait for candle close today. And if candle close will be above 109.81, then we can look for buying edge from tomorrow.
- H4 "broke" the resistance, so it looks a stable uptrend. Most likely Daily will close above 109.81 level today.
- The next target is 111.75 level resistance from 24 Mar 2020.
USDJPY Daily chart is breaking the resistance line at 109.81 and shows continuous bullish trend as per below Ichimoku confirmations.
Ichimoku Confirmation
- Kumo (Senko span A and B) up
- Kumo itself is long and thick
- Kijun sen is up
- Tenkan sen is up
- Chiko span above candles
Scenario
- Since it is "breaking" the resistance at 109.81 on Daily timeframe, better wait for candle close today. And if candle close will be above 109.81, then we can look for buying edge from tomorrow.
- H4 "broke" the resistance, so it looks a stable uptrend. Most likely Daily will close above 109.81 level today.
- The next target is 111.75 level resistance from 24 Mar 2020.
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Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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