You are here: Home > articles > Forex > Ichimoku cloud indicator analysis on USDJPY for April 3rd, 2023.
Ichimoku cloud indicator analysis on USDJPY for April 3rd, 2023.
April 3, 2023 1:26 pmVideo
Latest News
- Forecast for GBP/USD on May 7, 2024 May 7, 2024
- Forecast for USD/JPY on May 7, 2024 May 7, 2024
- Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday May 7, 2024. May 7, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Tuesday May 7, 2024. May 7, 2024
- Outlook for GBP/USD on May 7. A new week, a new rise May 7, 2024
- Outlook for EUR/USD on May 7. The dollar remains depressed May 7, 2024
- The euro will help itself May 7, 2024
- Trading Signals for EUR/USD for May 6-8, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 6, 2024
- Analysis of GBP/USD pair on May 6th. The dollar has not yet recovered from Friday May 6, 2024
- Analysis of EUR/USD pair on May 6th. The dollar continues to be under pressure from statistics May 6, 2024
- Trading Signals for GOLD (XAU/USD) for May 6-8, 2024: buy above $2,302 (21 SMA – 5/8 Murray) May 6, 2024
- EUR/USD. May 6th. Weak payrolls deliver another blow to the dollar’s coffin May 6, 2024
- GBP/USD. May 6th. Bulls continue to attack, but their momentum is fading May 6, 2024
- Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 6, 2024
- Defensive strategies key as Fed holds rates steady May 6, 2024
- Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th May 6, 2024
- Video market update for May 06, 2024 May 6, 2024
- Technical analysis of GBP/USD for week on May 6-11 May 6, 2024
- Japan to intervene market once again? May 6, 2024
- Forex forecast 05/06/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 6, 2024
USDJPY is trading around 133. In Ichimoku cloud terms USDJPY is in a bullish trend in the 4hour chart. However there are signs of weakness suggesting that a pull back towards the Kumo is very possible. USDJPY is currently trading below the tenkan-sen (red line indicator). A 4hour candlestick close below 133.20 would imply that price could move even lower towards the kijun-sen (yellow line indicator) at 132.10. The Chikou span (black line indicator) is above the candlestick pattern (bullish). Price only recently broke out and above the Kumo. In cases like this we usually see a back test pull back towards the cloud support. Price usually forms a higher low by testing the cloud once again and confirming support is strong. For now in the near term the Ichimoku cloud indicator is pointing to a possible move towards 132-131.75.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: