EUR/JPY: Ichimoku clouds

RoboForex

Active Trader
Aug 4, 2016
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Cyprus
www.roboforex.com
16.03.2017
Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is the upper border of the cloud (121.20). The closest resistance level is Kijun-sen line (122.03).

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Sincerely,
RoboForex