AUD/JPY: Ichimoku clouds

On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . 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 (78.95). One of the previous maximums of Chikou Span line is expected to be a resistance level (79.85).

  

          Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has broken through the cloud and is still rising. The closest support level is the upper border of the cloud (79.00). The closest resistance level is Tenkan-sen line (79.15).