FBS - Analytics

FBS

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USD/JPY: the cloud still resisting

Currency pair USD/JPY is still trading at the lower boundary of the four-hour Ichimoku’s cloud. Senkou Span A built a strong resistance for the corrections movement. We’re suggest the main downward trend may be resumed considering the general bearish Ichimoku indicator. In case of breakdown of Kijun-sen’s support we’ll looking for 101 figure.

Technical levels: support – 102.30; resistance – 103.00.

Trade recommendations:

1. Sell — 102.50; SL — 102.70; TP1 — 101.50; TP2 — 101.00.



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