Technical analytics

Ichimoku cloud indicator analysis of USD/JPY


The dollar buyers are back. They regained control on Wednesday and have been buying the major since. Buyers broke the 113.50 level and drove the market to the 114.00 hurdle yesterday. The Tenkan-Sen, the Kijun-Sen and the Chikou Span are bullish now. The Ichimoku Cloud kept growing. The MACD histogram grew which is a buy signal. The resistance lies at 114.00, the support is at 113.50.

Buyers tested 114.00 on Thursday. If price breaks above this region, then this could lead to renewed buying momentum, possibly towards 114.30.

New articles