01.08.201816:34 Forex Analysis & Reviews: The daily review of EUR / JPY as of August 1, 2018. Ichimoku Indicator

EUR / JPY

The pair discharged from the zone of key supports of this site 129.03-53 (week Tenkan + daytime Senkou Span B + day Kijun) and again reached the important resistance level of 130.90-131 (weekly Kijun + monthly Tenkan). The breakdown of the resistances encountered and the renewal of the maximum extremum (131.95) will again make the fulfillment of the target at the break of the daytime cloud (132.61 - 133.50) actual, which has retained its location and efficiency after the decrease.

Overcoming the resistance of the older timeframes (131) coincides with the breakdown of the upper boundary of the cloud H4. As a result, after the breakdown to the subsequent upward reference points, it will be possible to add a target to the breakdown of the H4 cloud, the fulfillment of this goal will allow to update a maximum of 131.95. Major support today retained their location, important levels can be noted in the area of 130 - 129.50 - 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.