Categories
Forex

$USDJPY . Right on Weekly Kumo Support

 

 

Both the Weekly and Daily Ichimoku Chart for $USDJPY (USD/JPY) shows the price level hitting a very good support level.

I am expecting that it will bounce from this level and head back to the 85 level.

Categories
Forex

USD/JPY : Poised for breakout

This is my first forex post.

On the Ichimoku’s Weekly Chart, USD/JPY is breaking out of the kumo resistance.

Given this is a Weekly Chart, a breakout above it could mean a 2 year move.

The last time the USD/JPY breakdown from the Weekly kumo support is back in 2007.