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.
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Tag: Japanese yen
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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.
