12.05.2018 06:22 AM
The daily review of EUR/JPY for May 11, 2018. Ichimoku Indicator


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Higher timeframes

The struggle in the area of the resistance levels and the attraction continues. The zone that unites the boundaries of the day and the week cloud continues to remain the decisive zone, (Senkou Span A week 130.34 + Senkou Span A days 130.58) as well as the level 131.19 (weekly Tenkan + day Kijun). Securing above will create the preconditions for the formation of a rebound from the weekly cloud.

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The situation from the moment of the last analysis did not undergo significant changes. Players on the downgrade could not overcome the support (129.90-80 Kijun N4 + cloud H1), responsible for the balance of power. As a result, players on the increase keep prospects for further recovery. The main upward direction in the cloud area is located in the region of the H4 cloud (130.58 - 131.33).

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 - violet.

Evangelos Poulakis,
Analytical expert of InstaForex
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