Technical Analysis 05.02.2019 – AUD/JPY: Ichimoku clouds

05 / 02 / 2019 | Technical Analysis
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (79.46). One of the previous maximums of Chikou Span line is expected to be a resistance level (80.35).




On the daily chart Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading around lower border of the cloud. The closest support level is Tenkan-sen line (78.69). The closest resistance level is the lower border of the cloud (80.66).




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