FX.co ★ Ichimoku cloud indicator analysis for USDJPY for November 22nd, 2022.

USDJPY has stopped its advance right on the tenkan-sen (red line indicator). Price seems unable to break above the tenkan-sen and today we see rejection signs. Trend in the Daily chart is neutral as price is still inside the Kumo (cloud). USDJPY is vulnerable to a break below the cloud and turning trend to bearish. At 140.40 we find the support by the cloud. Bulls need to break above yesterday highs and the tenkan-sen at 142.15 in order to hope for a bigger bounce towards 144.80 where we find the kijun-sen (yellow line indicator).