Technical Analysis 01.02.2019 – AUD/JPY: Ichimoku clouds

01 / 02 / 2019 | Technical Analysis
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (78.66). The closest resistance level is Tenkan-sen line (79.05).




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 has crossed the price chart from below, current cloud is descending. The instrument has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (78.42). The closest resistance level is the upper border of the cloud (80.18).




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