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19.06.201823:58 Forex Analysis & Reviews: The daily review of EUR / JPY for June 19. Ichimoku Indicator

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 19.06.2018 analysis

EUR / JPY

The decline was continued and to date, the pair is testing the Fibo Kijun support zone (daily 127.17 + monthly 126.84). Overcoming this support zone opens new prospects for players to lower. The main task will be testing the lower boundary of the weekly cloud (Senkou Span B 124.86) and restoring the downtrend (minimum extremum 124.59).

Exchange Rates 19.06.2018 analysis

Younger time intervals confirm that a broad enough and strengthened support zone has been met. The support for the higher halves (127.17 - 126.86) + the target for the breakdown of the H4 cloud (126.23-64). As a result, you will need strength and time to overcome this zone. In this situation, the bulls return their positions can change the current balance of power and affect the implementation of bearish plans. The intermediate level of resistance is located today in the area of 128 (cross H1 + cloud H1 + Tenkan N4 + day Kijun), but the most important and significant is the return of line 129.

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.

Evangelos Poulakis
Analytical expert of InstaForex
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