empty
 
 
23.11.2022 03:04 PM
Ichimoku cloud analysis on USDJPY for November 23rd, 2022.

This image is no longer relevant

USDJPY is trading around 141.30. After getting rejected by the tenkan-sen (Red line indicator) resistance at 142.15, USDJPY has turned lower towards the lower cloud boundary. Daily trend remains neutral as price is still inside the Kumo, however the rest of the indicators suggest that price remains vulnerable to a bigger pull back. The last line of defense for USDJPY bulls is the lower cloud boundary at 140.50. A break below this level would be a bearish sign and more downside should be expected. Resistance is a the 144.82 level where we find the kijun-sen (yellow line indicator). Bulls need to break above this level in order to hope for a trend change to bullish.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback