Since August 25 USDJPY is in side trend and today’s Nonfarm Payrolls data from USA can have impact on the price. Resistance is at 120.22-73 where Kijun-sen, Tenkan-sen and Senkou Span B are located. Chikou Span is on the candle and technically we should see continuation of decreases at least to (4/8)P 118.75 and then (3/8)P 117.19. Close above Senkou Span B will mean going back to 121.87.



EURAUD after yesterday’s test of Kumo high 1.5727 came back to (5/8)P 1.5869 line. Breaking resistance Tenkan-sen 1.5925 will be buy signal on this pair and we should be careful about (6/8)P 1.6113 resistance, this level is defended since beginning of September. As long as EURAUD stays above Senkou Span B 1.5662, we should consider only bullish trend scenarios.



Very interesting situation on EURPLN where price is again next to (6/8)P 4.2480 resistance. Chikou Span is above the chart and if EURPLN do not fall below Kijun-sen 4.2357 on H4 chart there should be crossing Kijun-sen by Tenkan-sen on the daily chart and generating buy signal. The range is set by (7/8)P 4.2725 and (8/8) 4.2969 lines.

You can read Ichimoku strategy description here.

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