According to the pattern of the downward trend line Ichimoku cross lines And head and shoulder structure at weekly timeframes I give the possibility of a two-stage drop of about $ 19,000 and then $ 12,000 But on the other side of the coin, if the price does not fall below $ 28,000, we may be in phase C according to the Wyckoff model, and this will be the beginning...
Due to the changes in the trend of this index and the pattern of the Inverted Cup and Handle, the index in question may be forming this downward pattern. what is your Idea?
USDJPY experienced an ascent after hitting the old support line that has been supporting the trend since July 31, 2020. Now, for the fourth time, it is experiencing a level of resistance, which has always been the cause of the fall of this trend since November 24. Now, according to the MACD indicator and the Ichimoku cloud, we have to wait for another fall.
Given the recent growth of this currency pair, it seems that the trend is ready to fall again At all timeframes, Ichimoku also confirms that a downward trend has begun.
According to the situation that you can study in this chart GBPUSD is changing the trend and going for a fall that area it was there in the 1.33422 "approximately".
The Japanese yen appears to be falling Considering to resistance zone that touched for the third time and the speech of the Governor of the Central Bank of England Bailey. You can also use Ichimoku to see trend changes from lower timeframes.