EUR/JPY: Ichimoku indicators analysis - Обзоры экспертов БКС Форекс
Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending.
The instrument has broken through Tenkan-sen and Kijun-sen lines. Merged Tenkan-sen and Kijun-sen lines have become a strong support level (121.91).
The closest resistance level is the upper border of the cloud (123.77).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 descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong.
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