FX.co ★ The daily review of the currency pair EUR / JPY for May 4, 2018. Ichimoku Indicator

EUR / JPY

Senior timeframes

The bears performed the main task of the current moment and are now testing the strength of the Ichimoku cloud boundary (Senkou Span A of 130.51 + Senkou Span A weeks 130.34). An option that will keep bearish moods and create new prospects is the breakdown of the day's cloud and consolidation in the weekly cloud cover.

H4-H1

The downside target of H4 was broken yesterday, the pair descended into the area of the following supports (130.51-34). Overcoming the supported area of support will form new benchmarks for the decline. Today we close the week. As a result of the decline, the bears performed a fairly important task and reached significant levels, so in this situation it is necessary to take a closer look at the resistance. The nearest important zone of resistance, capable of changing the balance of the forces of the lower halves and forming the first upward guidance points, is now at 130.95-131.15 (Tenakn H4 + cross H1 + weekly level), then the value will be 131.70-85 (day cross + cloud H4).

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.