30.04.201811:24 Forex Analysis & Reviews: The daily review of the currency pair EUR / JPY for April 30, 2018. Ichimoku Indicator

EUR / JPY

Senior timeframes

As a result of the braking, which was outlined on Friday, the pair returned to the zone of influence of the monthly Tenkan (132,54). The result of the interaction may be retest punched in the lower half times the monthly level. In this case, the decline will continue, with support for the bears to be noted at 131.72 (daytime Fibo Kijun + update last week's low), then 131.34-15 (daily Kijun + week Tenkan). If the pair, having returned to the consolidation zone, remains there and does not form a rebound from the levels in the near future, we can expect a new consolidation and completion of the reduction with further plans for a new testing of important resistance in the area of 133.22.

H4-H1

An important resistance was met. The formation of a rebound, the renewal of the minimum last week's extreme, will lead to the continuation of the decline, the benchmark for which is also a downward target for the breakdown of the H4 cloud (131.07-31). If the pair now regains the resistance levels of 132.54-67, it can significantly change the current balance of power in favor of players to increase. As a result of this, new goals and benchmarks will appear.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.