Intraday trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 115.61
Kijun-Sen level: 115.51
Ichimoku cloud top: 114.76
Ichimoku cloud bottom: 114.71
USD/JPY is facing intraday support at 115.25 (trend line joining 113.84 and 115.23) and any break will take the pair to 115/114.60.
Intraday trend reversal -114.60.
The pair minor resistance is around 116.10 and any indicative break above would extend gain to 116.50/116.75.
Recommendation: Buy USD/JPY around 115.10-15, SL 114.59, Targets 116.08/116.49.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 115.61
Kijun-Sen level: 115.51
Ichimoku cloud top: 114.76
Ichimoku cloud bottom: 114.71
USD/JPY is facing intraday support at 115.25 (trend line joining 113.84 and 115.23) and any break will take the pair to 115/114.60.
Intraday trend reversal -114.60.
The pair minor resistance is around 116.10 and any indicative break above would extend gain to 116.50/116.75.
Recommendation: Buy USD/JPY around 115.10-15, SL 114.59, Targets 116.08/116.49.