15.05.201814:18 Forex Analysis & Reviews: The daily review of the currency pair EUR / JPY as of May 15, 2018. Ichimoku Indicator

Senior timeframes

Yesterday, the players upgraded to test the area of resistance, previously designated 131.19-33 (weekday Tenkan + day Kijun). The result was a long upper shadow of the day's candle. In the case of confirmation of rebound, as well as further reduction and consolidation under 130.65-42 (Senkou Span A of weeks + day Tenkan), certain advantages will shift to the side of players for a fall. The main task for which will be the completion of the upward correction and secure anchorage in the weekly cloudiness of Ichimoku, with the aim of reducing it to its lower boundary.

H4-H1

The main support for the indicator Ichimoku belongs to the players for promotion now. Overcoming the most important zone of resistance, formed by the levels of various halves in the area of 131.19-33, will allow us to consider new upward prospects, among which there will be an ascending goal for the breakdown of the H4 cloud. Changes in sentiment and strengthening of bearish positions may begin if the support of 130.65-42 (cross H4 + cloud H1 + upper-time levels) and exit from the H4 cloud (area 130) are consolidated under the nearest zone.

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.