07.03.201811:45 Forex Analysis & Reviews: The daily review of the currency pair EUR / JPY for March 7, 2018. Ichimoku Indicator

EUR / JPY

Senior timeframes

Yesterday, the pair closed above the daily Tenkan, turning the support level (130.74), which combined its efforts with the spent target to break the daytime cloud (130.76 - 130.01). Reliable fastening above will allow to consider testing of other resistance levels, among which 132.44 - 133.41 - 134.38 - 135.74 can be noted.

H4-H1

Yesterday, with a decrease in players for promotion, it was possible to maintain the support of the Ichimoku indicator at lower time intervals, and also to reserve a daily short-term trend. Today, the zone 130.76-65 still unites the key levels of various halves and stands guard over the interests of players on the rise, which in turn are busy testing the resistance levels of the H4 cloud. Overcoming the upper boundary of the cloud and secure anchoring above will open the way to the resistance of older timeframes, and also form an upward target for the breakdown of the H4 cloud.

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.