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Ichimoku Indicator

24.04.201811:22 Forex Analysis & Reviews: Daily review of EUR / JPY pair on 04.24.18. Ichimoku Indicator

Long-term review

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EUR / JPY pair

Higher timeframes

The attraction of the monthly Tenkan (132.54) does not release the EUR/JPY pair from its zone of influence. Players on the rise closed again above this level in the previous day. Currently, we are seeing a new attempt to rise for testing significant resistances (133.22-41 week Kijun + daytime Senkou Span B).

H4 - H1

The tried-and-tested target for the breakdown of the H1 cloud and the H4 cloud has managed to contain the situation reinforced by the level of support for the senior half (132.20), not allowing the development of bearish sentiments. The support area at 132.20 - 132 with the base formed by the H4 cloud and retained its position, remaining significant today. By now, the pair on the lower timeframe was fixed above the level of 132.54. Therefore, the main task for players to rise again is to rise to the upper boundary of the daytime cloud (133,22-41).

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