FX.co ★ remington.kihn | USD/JPY

Hello. USDJPY - Market overview. The currency pair is trading within the Ichimoku cloud, with the current price at 158.038 below the Senkou Span B line at 158.054, which I consider very strong in this indicator. I'm not eager to go long against it. There is another line, Senkou Span A at 157.950, emphasizing the other side of the Ichimoku cloud, which has not been breached by the market. If there is no cloud breakout, the likelihood of an uptrend remains. The golden cross - the crossing of the Tenkan-sen line at 158.065 from below the Kijun-sen line at 158.023 - continues to signal an upward movement. I am waiting and refraining from buying until the market situation becomes clearer. The situation will become clear upon exiting the cloud. After that, buying with the expectation of a sustained rise can be considered. A market exit below the cloud halts buying, awaiting the appearance of a dead cross, after which selling can be considered.