03.04.201810:42 Forex Analysis & Reviews: The daily review of EUR / JPY pair on 04/03/18. Ichimoku Indicator

EUR / JPY pair

Higher timeframes

Yesterday, players on the slide made an attempt to get rid of the final support levels of the day cross, which descended under the cross. Today, the lack of confirmation of yesterday's moods, and especially the formation of a rebound from the final support levels of the day's cross (Tenkan + Fibo Kijun 130,35-25) may benefit the players to rise. If the day cross returns to its side (130, 25-35 - 130,66 - 131,07), it will have the advantages of continuing the recovery.

H4 - H1

The pair could not liquidate the death cross of N4 yesterday and overcome the marked resistance in the area of 131.07 - 31. As a result, the bears performed a fairly deep and active decline. Today, we are seeing an equally active recovery of positions. Returning to the bull area against the lower junior clouds, as well as, fixation above the resistance of 131.07 - 31, will create the necessary advantages for players to rise to continue the climb. In this case, the following upward target should be noted in the area of 132.20 - 56.