The decline of USD/JPY continued…
Tag - jpy - japanese yen
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the market is oversold and supported by 111.00.
AUD/JPY is looking to consolidate its losses across the board below the 200 SMA at H1 chart…
The pair is likely going to test the 21 Moving Average, which could be a departure point for another decline...
If any bullish pattern forms afterwards, the 21 Moving Average will be the next target...
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.
Recommendation: BUY 111…
Recommendation: BUY 132…
The pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward correction...
USD/JPY broke support area Next sell target - 110…
The main intraday target is the 144 Moving Average, which could act as resistance soon...
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.