EUR/JPY @near term resis, and dialy 161.8@ weekly kumo bottom
Please note the chart is a daily
The EUR/JPY gave a weak tk cross ( the tk cross was above the kumo)
The market has been choppy which means the indicator right now is oscillating.
But the markets current condition trend did print a lower low and a lower high.
We are currently at a near term resistance level.
Now, the 161.8 is on the daily chart above is lined up with a weekly charts flat kumo bottom.
The weekly completed a ichimoku e/nt wave combination. ( a mix of a e wave and a nt wave)
Also, price likes to gravitate towards flat kumos. Flat kumos are the equilibrium.
The EUR/JPY gave a weak tk cross ( the tk cross was above the kumo)
The market has been choppy which means the indicator right now is oscillating.
But the markets current condition trend did print a lower low and a lower high.
We are currently at a near term resistance level.
Now, the 161.8 is on the daily chart above is lined up with a weekly charts flat kumo bottom.
The weekly completed a ichimoku e/nt wave combination. ( a mix of a e wave and a nt wave)
Also, price likes to gravitate towards flat kumos. Flat kumos are the equilibrium.