5/08/2013 11:30 GMT

There is some bullish trend on Yen from Friday. On EUR/JPY price reached strong support made by tops from 28 and 30 July, and S/R zone from last week.

Ichimoku is also showing possible end of correction. Price bounce from cloud and Kijun line. Senkou Span B (bottom of cloud) is flat and can be strong support also. Chinkou Span is over price so longs are only possibility.



EUR/JPY - buy signal from Ichimoku system. Strong support is working.



On D1 chart all is also bullish. Price is on Tenkan that is working as support. That confirms long.



EUR/JPY - buy signal from Ichimoku system. Strong support is working.



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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.