USDJPY H1: The Ichimoku Forecast for the American Session on 11.3.2025

11.03.2025 16:16
Teknikal
One of the main signals of previous trading sessions was the intersection of the Tenkan and Kijun lines. This area is marked with a pink square on the graph. The rise of the Tenkan line above the Kijun line is a positive signal, which may indicate a possible change in the trend to an upward one.
The current situation
Let's look at the main components of the indicator and their current values:
The price is above the Tenkan and the Kijun lines. It indicates positive market sentiment.
The Kumo cloud is colored lilac. It indicates the priority of the downward vector of price movement.
The price entered the Kumo cloud, which may indicate a possible trend change or a development a lateral drift phase. The SenkouA and SenkouB lines act as support and resistance. To clarify the market situation, it is worth waiting until the price fixes outside of the cloud.
The Chikou line is now below the current price.
Trading recommendations:

The dynamic support level is on the Tenkan line, around the 147.344 mark, the Kijun line, around the 147.235 mark, and the SenkouBline, at the147.844 mark.
The dynamic resistance level is on the SenkouB line, around the 147.844 mark.