The Ichimoku Report Nov. 22nd

Showing an inability to have a weekly close above the 1.5000 barrier, the pair has had now 4 rejections on a weekly basis here.  We feel this week or next is the decider for the next leg on this pair.  A close above 1.5000 increases prospects for a year end push while a close below the weekly Tenkan (has not happened since April) would likely send the pair towards the 20ema just above 1.4500 where a decent base resides just below.  The Kijun is climbing fast which will also come to support the 20ema if price should fall.  The Tenkan is current flat and on par with the current price which has trotted in place with only feints to …

... Keep reading