ForexKei-Official

USDJPY broke the resistance level

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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

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