Ichimoku cloud indicator analysis of USDJPY for August 18th, 2020.

Using the Ichimoku cloud indicator we have a new bearish signal for USDJPY in the Daily chart. Trend remains bearish as price is still below the Daily Kumo (cloud) but today’s break below the tenkan-sen and kijun-sen provides even more confirmation of the bearish scenario. Price is below the Kumo (cloud). This is bearish. Price […]