USD/JPY Ichimoku cloud

ที่อัปเดต:
USD/JPY have been difficult to understand lately. I've analysed USD/JPY through supply and demand zones. It's slightly above selling pressure, hence we're currently in a new demand zone. I've applied candlestick patterns to give an idea about the current trend. We can see that USD/JPY mainted it's position firmly.The reason for this have been bonds increasing which favours USD.

Candlestick patterns and Ichimoku clouds may be analysed to better understand current direction. Above ichimoku cloud indicates bullish trend. Red cloud indicates selling pressure; green cloud buying pressure. Dotted red and green lines are supply and demand areas. Candlesticks above a green line indicate some support. Candlesticks below red line indicate selling pressure, coming from increased supply.


I'm neutral, with slight favour to uptrend since daily candle recently came out of ichimoku cloud, which we know is bullish, furthermore, two 4H bullish engulfing candlesticks from yesterday. Orange areas indicate resistance, once we enter into the grey area, we may get better understanding of the direction. If the candlesticks makes it to thee green cloud and stays above them, then USD/JPY will be making a push to higher highs.

Note: analysis is provided to better understand the recently confusing USD/JPY trend.
บันทึกช่วยจำ
Target should be 110.55 and it's not unlikely, that we reach 110.78.

Strong demand: from 29 june to 13 july. Favours buy from 110.43
Supply pressure: from 7 july to 16 july. Favours sell from 110.78

Weekly resistance: 110.55 and 110.78.
บันทึกช่วยจำ
Bullish engulfing pattern W: 15-22 feb.
Bearish engulfing 1D: 14 jul.
Bullish engulfing 4H: 20 jul, 05:00 and 13:00

H&S -- LS 14 jul; H 16 jul; RS (21 jul?) in progress.
Candlestick AnalysisTechnical IndicatorsUSDJPY

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