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ForexKei-Official

USDJPY Bearish in H4 by Ichimoku

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ForexKei-Official  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators forexkei Ichimoku Cloud ichimokukinkohyo USDJPY
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trendanalysis indicator forexkei ichimokuclouds ichimokukinkohyo usdjpy
Comment

USDJPY H4 timeframe shows downtrend as per below Ichimoku confirmations.

Ichimoku Analysis

- Kumo (Senko span A) down
- Kumo has been thick and bearish
- Kijun sen down
- Chiko Span below candles

Next Scenario

The market is still bearish, expecting support breakout at 107.88 level.
Target is at 106.67 level from a support on 2nd March.
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