EURJPY continuously bullish by Daily timeframe as per below Ichimoku confirmations. Now H1 shows box range (yesterday was P wave). Please refer to below scenario.
Ichimoku Trend Analysis:
- Kumo (Senko span A) up. Kumo itself is getting thicker. - Kijun sen up - Chiko Span above candles
Next Scenario:
After P wave yesterday on H1, now market is forming Y wave as well as box range for the last 2 days. There still is a potential breakout of a new resistance from yesterday at 134.125. Better wait for Tenkan Sen and Kijun sen gold cross to confirm a potential breakout in H1.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.