Ichimoku cloud indicator analysis on USDJPY for June 16th, 2023.
June 16, 2023 3:22 pm
USDJPY remains in a bullish trend in the Daily chart according to the Ichimoku cloud indicator. Price remains above the Kumo (cloud) and continues to respect the tekan-sen (red line indicator) which is the closest support indicator. The Chikou span (black line indicator) remains above the candlestick pattern (bullish). Support by the tenkan-sen is found at 140.15. Next support is the kijun-sen at 137.96. So far bulls remain in control of the trend with no sign of weakness.
The material has been provided by InstaForex Company – www.instaforex.com
USDJPY remains in a bullish trend in the Daily chart according to the Ichimoku cloud indicator. Price remains above the Kumo (cloud) and continues to respect the tekan-sen (red line indicator) which is the closest support indicator. The Chikou span (black line indicator) remains above the candlestick pattern (bullish). Support by the tenkan-sen is found at 140.15. Next support is the kijun-sen at 137.96. So far bulls remain in control of the trend with no sign of weakness.
The material has been provided by InstaForex Company – www.instaforex.com
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