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FX.co ★ The daily review of the currency pair EUR / JPY on March 12, 2018. Ichimoku Indicator

The daily review of the currency pair EUR / JPY on March 12, 2018. Ichimoku Indicator

EUR/JPY

The daily review of the currency pair EUR / JPY on March 12, 2018. Ichimoku Indicator

Senior timeframes

The pair was fixed above the daily Tenkan, using this level as support (130.66), but the players on the rise still do not have enough strength to continue the upward correction. As a result, we see the formation of consolidation over Tenkan. The main resistance levels today retained their location, as a result of resistance, it can still be noted at 132.54 - 133.44 - 134.40 - 135.74.

The daily review of the currency pair EUR / JPY on March 12, 2018. Ichimoku Indicator

H4-H1

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During the last couple of days, the pair is busy overcoming the attraction of the resistance levels passed the day before. The day Tenkan and the upper boundary of the cloud H4, but it is not possible to get rid of their influence and leave the zone. Exit from the zone of consolidation and attraction will open up prospects for an uptrend. The targets for breakdown of the H4 cloud and resistance levels of the older timeframes (132.54 - 133.44 - 134.40 - 135.74). The supports are now located at 131 (the upper boundary of cloud H4 + cloud H1) - 130.66 (daytime Tenkan + cloud H4) - 130 (target landmarks of older time intervals).

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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