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Technical Analysis 12.02.2019 – EUR/JPY: Ichimoku clouds
On the daily 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 has reversed from descending to ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. Borders of the cloud serve as the closest support (124.04) and resistance (124.88) levels.
The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.