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Ichimoku Indicator

05.04.201810:11 Forex Analysis & Reviews: Day review of EUR / JPY on 05.04.18. Ichimoku Indicator

Long-term review

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EUR / JPY

Senior timeframes

The rebound from the lines of the day's cross was confirmed and developed. At the moment, players on the rise continue to restore their positions. The immediate tasks for players to raise now are to update the maximum extremum (131,79) and test for strength at once several resistances that combined their efforts (weekly Fibo Kijun 132.20 + monthly Tenkan 132.54 + lower boundary of the day cloud). The Day Cross retains the role of the most significant support (130.66-25).

H4-H1

The advantages are again on the players' side of the promotion. At the moment, we are witnessing a struggle with the trend line and the resistance of the target to the breakdown of the H1 cloud. To the subsequent upward orientations of the older time intervals (132.20-56), one can add a target to the breakdown of the H4 cloud (132, 29-67). Key support today preserved their location, they can still be noted at 131.07 - 130.66 - 130.25.

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