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Ichimoku Indicator

05.06.201823:07 Forex Analysis & Reviews: The daily review of EUR / JPY on June 5, 2018. Ichimoku Indicator

Long-term review

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EUR / JPY

Last week, the pair formed a retreat from the lower boundary of the weekly cloud (Senkou Span B 124.67). As a result of which, the euro / yen has now reached an important resistance zone. The zone is formed by a week-long Tenkan (129.03) and the final boundaries of the day's dead cross (today Kijun 128.34 + Fibo Kijun 129.23). Overcoming these resistances can significantly strengthen the bullish advantages and form the prospects of rebound on the monthly half. The nearest guide for recovery, in this case, will be District 131 (monthly Tenkan + weekly Senkou Span A + weekly Kijun + day cloud). However, the strength of the resistances encountered (129) is now able to delay the development of the situation, thanks to braking and testing of supports (126.84 month Fibo Kijun + day Tenkan). Players on the increase are advised not to descend below this support (126.84), as this can offset the rebound from the bottom of the weekly cloud, returning the pair to Senkou Span B (124.67).

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.

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