FX.co ★ The daily review of EUR / JPY pair on 06.04.18. Ichimoku Indicator

EUR / JPY pair

Higher timeframes

The next closing of the week is coming until the current movement has managed to go beyond the limits of the last week's candle. The maximum extremum (131.79) is not yet updated, the support retained its location (131.07 - 130.66 - 130.25). As a result, the main conclusions and expectations, voiced in the reviews earlier, remained relevant.

H4 - H1

The pair spent the previous day in a rather narrow range and did not achieve a significant result in the fight against the resistance of the trend line and the H1 target. The upward direction retained its importance and location for today as the target for the breakdown of the H4 cloud (132.29-67) and the levels of the older time intervals (132.20-56). The previously noted support is also still relevant and remains in place (131.07 - 130.66 - 130.25). Today, we close the week, to save upward plans and prospects for players to increase which is enough to keep the current positions. The descent under the support will reduce the bullish benefits, and close the week at 130.25 may become fatal for their plans.