07.06.201823:14 Forex Analysis & Reviews: Daily review of EUR/JPY on June 7, 2018. Ichimoku Indicator

EUR/JPY

The day before, the pair was limited to a slight inhibition before the resistance of the weekly Tenkan (129) and the final lines of the day cross Ichimoku, after which it overcame the levels by breaking through, closing the day much higher than the resistance. As a result, the line 129 on the lower time intervals can now act as a support. An upward reference point in this situation is the daytime cloud and the weekly Kijun (area 131). Overcoming this zone will create a new target for players to raise and will open new prospects for recovery. The lower tier is now in solidarity with the conclusions and expectations of the elders. The current target is the breakdown of the H4 cloud, the execution of which coincides with the testing of the resistance region of the older timeframes (131). Support today can be noted at 129 - 128.13 - 126.84.

Indicator parameters:

all time intervals 9 - 26 - 52

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.

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.