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11.06.2018 11:16 PM
Daily review of EUR/JPY on June 11, 2018. Ichimoku Indicator

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EUR/JPY

The implementation of the rebound from the lower boundary of the weekly cloud (Senkou Span B 124.67) made it possible the pair to rise above the daytime dead cross (Kijun 127.97 + Fibo Kijun 128.77) and join the fight for a weekly short-term advantage (129.01). If players are now able to reliably gain a foothold above the levels indicated, the next most important task is to test the key resistance zone in the area of 131 (daily cloud + weekly Kijun + upper limit of the weekly cloud + monthly Tenkan). Overcoming the key zone will form new perspectives and goals. The inability of the players to gain a weekly short-term advantage now, because last week they could not close above the level, will return the pair to the supports of the day cross (127.60-97).

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At the lower time intervals, the target is the target for the breakdown of the H4 cloud, which coincides with the key benchmark of the senior times (area 131). The most important support zones today are located in the regions 129-1288.80 (crosses H4 and H1 + cloud H1 + levels of senior timeframes) - 127,60-97 (Senkou Span A N4 + day cross) - 126.84 (Senkou Span B N4 + monthly Fibo Kijun).

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.

Evangelos Poulakis,
Analytical expert of InstaForex
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