USDJPY Bearish in H4 by Ichimoku

487
Comment

USDJPY H4 timeframe shows downtrend as per below Ichimoku confirmations.

Ichimoku Analysis

- Kumo (Senko span A) down
- Kumo has been thick and bearish
- Kijun sen down
- Chiko Span below candles

Next Scenario

The market is still bearish, expecting support breakout at 107.88 level.
Target is at 106.67 level from a support on 2nd March.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.