USDJPY is trading around 143.32. Price is above the Daily Kumo (cloud). According to the Ichimoku cloud indicator trend is bullish. Price continues to trade above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The recent pull back into the cloud provided a warning to bulls, but support at 141 was held. Bulls managed to hold above the tenkan-sen and kijun-sen. The upper cloud boundary is at 142.48. Bulls need to defend this level. The Chikou span (blue line indicator) is below the candlestick pattern (bearish) but with a positive slope challenging resistance at 144. If bulls manage to push price above 144 then a move above 145 will most probably follow.
