USDJPY: Initial signal for an upside move is present
USDJPY is on the move. Altough the pair didn't cross 101.8 in a sustainable way, it is still above 101.5 which is our benchmark.
At the present time, the pair is at an oversold level, i.e correction is imminent. If the correction level remain around 101.5-101.3, USDJPY may jump on the upside.
Based on Ichimoku, we have 2 out of 4 positives signal for an upside.
Tenkan-Kijun twist occured.
There is no Kumo Twist YET.
However, the Lagging span did a very well job, penetrating the price and the cloud.
Tenkan-Kijun twist happend outside the kumo cloud which menas that the upside will be full of momentum.
At the present time, the pair is at an oversold level, i.e correction is imminent. If the correction level remain around 101.5-101.3, USDJPY may jump on the upside.
Based on Ichimoku, we have 2 out of 4 positives signal for an upside.
Tenkan-Kijun twist occured.
There is no Kumo Twist YET.
However, the Lagging span did a very well job, penetrating the price and the cloud.
Tenkan-Kijun twist happend outside the kumo cloud which menas that the upside will be full of momentum.
