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Ichimoku Indicator

20.04.201811:31 Forex Analysis & Reviews: The daily review of EUR / JPY for April 20, 2018. Ichimoku Indicator

Long-term review

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EUR/JPY

Senior timeframes

The pair continues to remain in the zone of influence and attraction of the monthly Tenkan (132,54). The week is close to completion, and we have not managed to get rid of the uncertainty yet. A significant resistance zone is still located today at 133,22-41 (weekly Kijun + Senkou Span B day cloud), the nearest support is in the area of 132.20 (day Tenkan + weekly Fibo Kijun).

H4-H1

The players to increase are close to losing the advantage. They have not yet managed to overcome the resistance of targets to the breakdown of clouds H4 and H1, as well as to get rid of the attraction of the monthly level of 132.54 to reach the upward marks of 133.22-41. As a result, the main importance will now have support. The nearest significant levels of support in this situation should be noted at 132.20 (the upper boundary of the cloud is H4 + upper-tier levels) and 131.46 (the lower boundaries of the clouds of the day and H4). The fastening in the bearish zone relative to the Ichimoku clouds will significantly affect the balance of power and form new benchmarks.

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