EURJPY

eurjpy4-1024x464

On the EURJPY chart Chikou Span only for one session was above price and today it is back in the down area. On the beginning of the day price is on Kijun-sen and Senkou Span B 135.61 supports. The next support level is Tenkan-sen 134.63 and drop below that line will be a signal of going back to downtrend. The range is set by Murrey lines 132.81 and 131.25. If Kijun-sen will not be broken it will mean going back to side trend with possible re-test of 137.50 level.

GBPJPY

gbpjpy3-1024x464

GBPJPY is near Tenkan-sen 183.82 support and (2/8)P 184.37 line. If this area will be defended price will go back to Kijun-sen and Senkou Span B 187.79. Breaching Tenkan-sen will mean re-test of (0/8)P 181.25 level. First scenario is more probable because of horizontal Ichimoku averages.

You can read Ichimoku strategy description here.

Error, group does not exist! Check your syntax! (ID: 3)