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Ichimoku Indicator

13.04.201800:01 Forex Analysis & Reviews: The daily review of EUR / JPY for April 12, 2018. Ichimoku Indicator

Long-term review

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EUR / JPY

Senior timeframes

Yesterday, the resistance encountered (monthly Tenkan 132.54) managed to slow the players to increase, as a result, we saw a decline. The fastening of the daytime cloud (Senkou Span A 132.07) can serve as a basis for a deeper correction, the short-term trends (weekly 131.34 + daytime 131.27) will be the immediate targets.

H4-H1

The main goal of H4 is worked out. The goal had an increase from the monthly level, so braking and lowering were expected the day before. At the moment, support for different time intervals has been met, which combined their efforts in the area of 132. The support force can now delay the development of bearish sentiments and even stop the correction altogether. In this case, we can expect a new interaction with 132.54. If bears can now get rid of the attraction of the cloud H1 and the cross H4 (132 - 131.80), then the targets will be the target for the breakdown of the cloud H1, support for the cloud H4 and Tenkan senior times (131.34-27).

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