Today’s Forex Guide

USD/JPY 4-hour: Teasing the lower boundary of the Ichimoku’s cloud


Feb.25.2015

 3:45 pm  (EST) Update


USD/JPY 4-hour Forex Dance Floor
USD/JPY 4-hour: Teasing the lower boundary of the Ichimoku's cloud.

Invest Diva positioning: Short positions below 119.23 with targets at 118.45 and 117.29 in extension.

Technical reasons why: The pair is now teasing the lower boundary of the Ichimoku's cloud below the pivot level. The RSI is slightly below the neutrality area.

Alternative Scenario: Above 119.23 look for further upside with 119.77 and 120.63.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
117.29 118.45 121.83
116.05 120.63


EUR/USD 4-hour Forex Dance Floor
EUR/USD 4-hour: Keep consolidating.

Invest Diva positioning: No positions.

Technical reasons why: The pair continues moving inside the small rage of key levels at 1.1426 and 1.1277 with the RSI moving just at the neutrality area.

Where I'm setting my stops and limits:

Support Levels Turning Point Resistance Levels
1.1146 1.4260 1.1797
1.0799 1.1277 1.1536

 

 

ichimoku cloud

Back to Top

Learn How to Grow Your Wealth