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qoyyuum

USDJPY False Kumo Breakout

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
qoyyuum Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Moving Averages ichimokukinkohyo
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supportandresistance movingaverage ichimokukinkohyo
snapshot

Immediately saw a Ichimoku Cloud breakout on USDJPY but noticed that the forward cloud is in a downtrend. Would avoid USDJPY for now or at least keep in view for it to breakout below the cloud and short there.
Comment:
Now it broke out of the cloud leading to a downtrend but the chikou doesn't seem to be positioning properly.
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