EUR/JPY: Ichimoku clouds - Обзоры экспертов БКС Форекс
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the blue line is directed upwards, while the red one remains horizontal.
Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong.
One of the previous minimums of Chikou Span line is expected to be a support level (123.60). The closest resistance level is the upper border of the cloud (125.50).On the daily chart Tenkan-sen line is below Kijun-sen, both lines are directed downwards.
Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has broken down Tenkan-sen and Kijun-sen lines.
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