Brief note, drawn from the GBP/JPY equity building thread:
Ichimoku slapped the move into the kumo (cloud) to 211.20 back to the top of the cloud @ 211.46, but no higher. There's some weak bearish signs here, but we're still in a neutral-bullish zone relative to the cloud, so nothing to act on from IKH. Price did just close down inside the kumo, however - the bottom of which is at 210.70. If price closes outside the bottom of the kumo, back to the 209s.
More to come later. Anyone else want to add some commentary or projections based off of:
The top-down test of the kumo
The Tenkan/Kijun cross (albeit a weak signal above the kumo)
The top-down price cross over Kijun (again, weak)
The correlation between Senkou Span B and dynamic support @ 210.70
etc.
Read Ichiwiki for insight about what all this mean. Any thoughts, no matter how simple or rudimentary-seeming are fair game! We're all here to learn.
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