empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

28.11.202315:37 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on USDJPY for November 28th, 2023.

Exchange Rates 28.11.2023 analysis

USDJPY is trading around 148.43. In Ichimoku cloud terms trend is now neutral as price has entered the Daily Kumo (cloud). This is a sign of weakness. Price was unable to push above the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Instead price closed below the upper cloud boundary yesterday. The Chikou span (black line indicator) remains below the candlestick pattern (bearish). USDJPY is vulnerable to a move towards the lower cloud boundary around 147.30. As long as price is below the tenkan-sen and the kijun-sen indicators at 149.30-149.55, USDJPY will remain weak and vulnerable to a deeper correction.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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

Can't speak right now?
Ask your question in the chat.