For Traders

Analytical Reviews

Ichimoku Indicator

21.11.202215:07 Forex Analysis & Reviews: Ichimoku cloud indicator analysis for USDJPY for November 21st, 2022.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USDJPY is trading around 141.90. Daily trend is neutral as price is inside the Kumo (cloud). Price has reached our pull back target and so far has respected the cloud support. Price tested the lower cloud boundary and is now bouncing higher. First important test is the tenkan-sen (red line indicator) resistance at 142.32. At 140.30 we find the lower cloud boundary which is key support. Bulls do not want to see price break below this level. The kijun-sen (yellow line indicator) provides resistance at 144.82. Bulls will need to break above the cloud and above the kijun-sen in order to reclaim control of the trend.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.