07.05.201813:52 Forex Analysis & Reviews: The daily review of the currency pair EUR / JPY for May 5, 2018. Ichimoku Indicator

EUR / JPY

Senior timeframes

The pair went beyond the daytime cloud and is now testing the upper boundary of the cloud of the week (Senkou Span A 130.34). The fastening in the week-long cloud will open up new prospects for the players. The most significant task, in this case, will be a decrease to the lower boundary of the cloud of weeks, now strengthened by the monthly Fibo Kijun (126.84). In this situation, the strength of the support encountered can contribute to inhibition and retest of the passed levels (daytime Senkou Span B 130.51 + week Tenkan 131.19).

H4-H1

Acting now is a downward trend. Despite the fact that the pair is in the correction zone, the main support now belongs to players for a fall. To change the situation and the balance of power at lower jumps will help anchoring above the zone of the main levels of attraction and current resistance (130.34-51). Further, the importance for the development of bullish sentiments and advantages will be overcome by areas 131,00-15 and 131,60-70, in these places today there are key levels of resistance of the senior and junior time intervals.

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.