USDJPY broke the resistance level
Comment:
USDJPY broke the resistance level of 145.9 where BOJ intervened, and showing continuous uptrend.
Ichimoku trend Analysis (KTS):
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
- Market can go up to 147.7 which is the resistance way back in Aug 1998.
- Once it breaks, possible to go up to 150 level.
- BOJ might intervene again, especially when it gets closer to 150 level.
- Watch out US CPI
USDJPY broke the resistance level of 145.9 where BOJ intervened, and showing continuous uptrend.
Ichimoku trend Analysis (KTS):
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
- Market can go up to 147.7 which is the resistance way back in Aug 1998.
- Once it breaks, possible to go up to 150 level.
- BOJ might intervene again, especially when it gets closer to 150 level.
- Watch out US CPI
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.