USD/JPY: Our expectations: New downward movement is possible after the price remains below 50 EMA and under the cloud of Ichimoku, it can be sold at 112.15
Alternative Scenario: If the price goes above 112.15 that will change the negative trend to bullish where we will look for long positions.
Comment: Downward movement, price below 50 EMA.
Tenken sen (red line) under Kijun sen (blue) negative formation for possible decrease.
Price below the cloud of Ichimoku - the movement is short
Pin bar on a level of resistance.
CCI(50) below 0 - negative signal.
The price has made a little upward correction and the test broke below 115.45 which gives us a good place for new short positions.
Стефан Д. Ангелов - Head of Stocks Trading
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