AUDJPY Daily Bullish. Reaching V and N targets

16 февр. 2021 г.

AUDJPY Daily timeframe shows continuous bullish based on below Ichimoku confirmations.

- Kumo (SSA, SSB) up
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles

N wave from 21 Dec 2020 shows that the market is reaching towards V and N targets at 82.691 by Ichimoku Price Theory.
As for Time Cycle, between the lows on 21 Dec 2020 and 28 Jan 2021 is 27, therefore the next high can be 27 days or similar after 8 Jan 2021 which is 15 Feb.

Considering above findings, the market might reverse sometime this week. Otherwise it continuously goes up to E target of 84.276 which is the previous high from 2018. Look carefully at Kumo and Kijun sen angles this week.