1Finance

Weekly price was on bearish ranging market condition located within 1.0707 support and 1.1059 resistance level. Price broke 1.1059 resistance to above on Friday with the good breakout to be started on open bar: the 'reversal' Senkou Span line is going to be broken by the price to above for the possible reversal of the price movement from the primary bearish to the ranging bullish market condition. Chinkou Span line is breaking the price to above for the bullish breakout to be continuing in the near future.

If W1 price will break 1.0707 support level on close W1 bar so the primary bearish will be continuing
If W1 price will break 1.1059 resistance level on close weekly bar so we may see the reversal to the primary bullish condition with secondary ranging (the price will be inside Ichimoku cloud/kumo in this case).
If not so the price will be ranging within the levels.

Resistance	Support
1.1059	1.0707
1.1494	1.0516

SUMMARY : weekly bullish reversal