06.03.201812:47 Forex Analysis & Reviews: Daily review of the currency pair EUR / JPY on March 6, 2018. Ichimoku Indicator

EUR / JPY

Senior timeframes

Finally, the players on the increase, after working out the day's target for the breakdown of the clouds (130.76 - 130.01) and meeting with the monthly Tenkan (129.95), managed to perform a full correction and meet with the day Tenkan. The fastening above the daily short-term trend will allow us to consider the prospects for further recovery. The closest upward guideline will be the retest of the weekly cross (132.44 - 133.41 - 134.38), punched the day before and reinforced in March by a monthly Tenkan (132.56).

H4-H1

Among the supports that form the levels of senior and junior times, today we can note 130.76-84 - 130.41 - 130.01. For the players on the rise, it is now important to keep their location above these levels. Thanks to the retention of positions, it will be possible to consider the possibility of testing and the breakdown of the H4 cloud (131.50). After overcoming the resistance of the H4 cloud, a new upward target will be formed and the road to the resistance levels of the upper halves will open, the nearest ones are located in the area of 132.48-56.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.