Intraday trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 119.27
Kijun-Sen level: 118.87
Ichimoku cloud top: 118.42
Ichimoku cloud bottom: 118.49
USD/JPY has made a high of 119.42 and has slightly retreated from that level. Intraday trend is bullish as long as support 118.60 holds.
On the downside break below 118.60 will target 118.20/117.81 in short term. The pair’s minor resistance is around 119.42 and any break above would extend gain to 119.96/120.86 (100% projection of 115.44 to 118.96 from 117.34).
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Sell
Recommendation: Buy USD/JPY around 119.20, SL 118.60, Targets 119.96/120.86.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 119.27
Kijun-Sen level: 118.87
Ichimoku cloud top: 118.42
Ichimoku cloud bottom: 118.49
USD/JPY has made a high of 119.42 and has slightly retreated from that level. Intraday trend is bullish as long as support 118.60 holds.
On the downside break below 118.60 will target 118.20/117.81 in short term. The pair’s minor resistance is around 119.42 and any break above would extend gain to 119.96/120.86 (100% projection of 115.44 to 118.96 from 117.34).
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Sell
Recommendation: Buy USD/JPY around 119.20, SL 118.60, Targets 119.96/120.86.
