USD/JPY: Ichimoku analysis (May 16)
Tatyana Norkina, FBS analyst
Daily. Last week bulls failed to push above 102.20 (the level formed by Tenkan and Kijun sen lines). Bounce from thos resistance accelerated the decline towards the 101.40 support. Bears are expected to raise pressure next week.
Chart. Daily USD/JPY
H4. Seelers pulled the pair below the Ichimoku. The Cloud widened to the downside, while Tenkan and Kijun lines formed a dead cross. In the near term we expect the par to renew the local minimums.
Chart. H4 USD/JPY