31/07/2013 5:50 GMT
There is weak sell signal on EUR/JPY. Price broker Kumo, Chinkou Span is below price, rest of lines are also in sell direction. Ichimoku cloud is bullish that’s why signal is weak.
Plus of this position is strong resistance made by flat Senkou Span B near to price.
Here is H4 chart:
On D1 chart last candle closed below Kijun and that means deeper correction. First target will be upper limit of cloud.
