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 lines are horizontal . Confirmative line Chikou Span is above 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 (121.80).The closest resistance level is the upper border of the cloud (124.02).On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal .Confirmative line Chikou Span is below the price chart, current cloud is descending.