This is usdjpy weekly chart with ichimoku kinko hyo.
a yellow lines are middle cycles and cyan lines are small cycles.
you can find a cycle of number writing with red pen.
22weeks and 22weeks.
16weeks and 18weeks.
23weeks and 22weeks.
I think the new cycle is starting now.
And it will be accompanied with a "Head & Shoulder" for this new cycle.
now please take a look of cyan line.
this cycle is 9 or 10 weeks.
The left shoulder of top and top is 9 weeks.
I expect the right shoulder cycle is 9 weeks.
Target price is 108 middle yen.
I think this zone of 108 middle is strong resistance.
And a market price is in a ichimoku-cloud.
A market price is between kijun-sen of red line to tenkan-sen of cyan line.
This two line of ichimoku-cloud are support line and resistance line.
The market will be struggle between 105 high yen to 108 middle yen in ichimoku-cloud.
Most attention day is October 16th.
