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JPY Shows Strength On H1 Time Chart
The above chart shows the hourly ichimoku cloud of FXCM's JPY index - JPYBASKET. The observations are as follows:
- The lime green leading span A had crossed above the red leading span B.
- The forward cloud is light green and indicates support.
- Price is above the black base line and the base line is moving in a bullish direction.
- The orange lagging span is above price, which is indicative of strength.
These observations suggest an element of bullishness for FXCM's JPYBASKET.
- The lime green leading span A had crossed above the red leading span B.
- The forward cloud is light green and indicates support.
- Price is above the black base line and the base line is moving in a bullish direction.
- The orange lagging span is above price, which is indicative of strength.
These observations suggest an element of bullishness for FXCM's JPYBASKET.
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