Wednesday, September 28, 2016

AUD/JPY: Ichimoku clouds





Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud has reversed from descending to ascending. The instrument has broken through the cloud and is still rising. The closest support level is the upper border of the cloud (77.09). One of the previous maximums of Chikou Span line is expected to be a resistance level (77.36).

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