FX.co ★ rylee.denesik | AUD/JPY

Hello. The currency pair AUDJPY on the hourly chart. When assessing the market situation, I look at the position of the Tenkan-sen line at 94.388 relative to the Kijun-sen line at 94.243. I observe a crossover where the Tenkan-sen is positioned above the Kijun-sen. In the Ichimoku indicator, and above the list of lines, a buy signal has formed. Traders refer to this crossover as a golden cross. It is advisable to make purchases, as there are no conditions for selling at all. Moreover, the market has retraced to the Cloud - consisting of boundaries. 1. The Senkou Span A line at 94.461, we can see that the market price at 94.444 is below it. 2. The second line is Senkou Span B at 94.402, perhaps the strongest line in the Ichimoku Indicator with the longest period of 52 in the settings. Until it is broken through, I anticipate a market rise from the cloud.