Technical analytics

Ichimoku cloud indicator analysis of USD/JPY

USDJPY

USD/JPY traded mixed on Monday. The dollar was under pressure during the night session. Sellers moved the major to the 108.00 handle where the t blocked sellers' way. The spot ran through fresh bids here and recovered to 108.50. The pair continued its growth in the night and touched 109.00 in the early morning hours. The Kijun-Sen and the Chikou Span are moving downwards, the Tenkan-Sen is positive. The Ichimoku cloud is moving south. MACD kept growing in the negative area. The resistance lies at 108.50, the support is at 108.00.


The US dollar has a potential to extend its recovery. If the pair stays above 108.00, it would be able to visit the 109.20 region.