USD/JPY: Ichimoku analysis (Mar. 28)
Tatiana Norkina, FBS
Daily. The 102.50-102.60 resistance keeps the bulls in the negative zone. Despite all the attempts, they failed to move higher last week. Price holds in a narrow range, shaped by the Tenkan and Kijun lines. Break of each of them will define the market direction.
Chart. Daily USD/JPY
H4. Here we also see how uncertain the market is. The downtrend is confirmed, but the bears haven't fixed below the Cloud yet. And this is what the market needs to continue the decline.
Chart. H4 USD/JPY