USD/JPY daily chart with Trend lines
USD/JPY DAILY CHART with Ichimoku
On the Daily chart with trend lines, we do note that the UPPER trendline has been breached. The bullish sentiments with positive indicators are pushing the USD/JPY to its next resistance near 86.70 (38.2 % Fibo Retr) , then 87.64 ( 23.6% Fibo Retr).
On the Daily Chart with Ichimoku, we observe that its next resistance is R3 , near 86.36 , which is also the Ichimoku Cloud bottom resistance. Successful breaching this resistance shall send this currency pair toward its next resistance near 88.60, which is the Ichimoku Cloud Top Resistance level.
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