Technical Analysis 19.12.2017 - EUR/JPY: Ichimoku clouds

19 / 12 / 2017 | Technical Analysis
Let's look at the four-hour 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. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is Tenkan-sen line (132.543). The closest resistance level is Kijun-sen line (132.903).



On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is the lower border of the cloud (131.929). The closest resistance level is Tenkan-sen line (132.961).



This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.
 

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