GBPJPY under temporary retracement by Ichimoku
Updated
GBPJPY Daily chart shows the market is under retracement as below Ichimoku confirmations.
- Kumo (Senko span B) flat)
- Kijun sen flat
However the market is still in bullish momentum as below.
- Thick bullish Kumo
- Tenkan sen is still up
- Chiko span above the candles
Below is the next possible scenarios.
1. If market will be supported by the trend line, it could break the previous Doji high and reach up to 153.00.
2. If market breaks the support line and Tenkan sen, it could go down back to Kijun sen at 148.1 level.
- Kumo (Senko span B) flat)
- Kijun sen flat
However the market is still in bullish momentum as below.
- Thick bullish Kumo
- Tenkan sen is still up
- Chiko span above the candles
Below is the next possible scenarios.
1. If market will be supported by the trend line, it could break the previous Doji high and reach up to 153.00.
2. If market breaks the support line and Tenkan sen, it could go down back to Kijun sen at 148.1 level.
Note
Below is the video about the analysis.youtu.be/D84aSoBpuxk
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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