EUR/JPY: Ichimoku indicators analysis - Обзоры экспертов БКС Форекс

Let's look at the four-hour chart. Tenkan-sen line is above 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 ascending.

The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong.The closest support level is the upper border of the cloud (123.43).

One of the previous maximums of Chikou Span line is expected to be a resistance level (125.81).On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal .