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Technical Analysis on USDJPY

11 April 2018

Based on the Ichimoku system, the price seems to move down. Provided that the components of the system are examined, it could be noticed that the price appears below the cloud and, the Kijun Sen and Tekan Sen are not in a bear formation yet. The Chikou Span seems to be inside the price. If the lines are in a bear formation and the Chikou Span appears below the price, then we could consider looking for a potential bear signal.



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Marios Athinodorou

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