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EUR / JPY pair
Higher timeframes
Yesterday, the players on the rise formed a retreat from the final lines of support for the Ichimoku day cross (130.25-35 Fibo Kijun + Tenkan). Confirmation of intentions and continuation of the movement can facilitate the exit from the zone of the former consolidation, the renewal of the maximum extremum (131.79) and the subsequent testing of the resistance zone (132.20 - 134.22), which collected various levels of older time intervals. If players on the rise cannot save and realize yesterday's potential as of the moment, then the uncertainty of the previous days will dominate. After a reliable fastening under the support of the day's cross, we can expect a new intensification of bearish sentiment.
H4 - H1
Exit to the bull zone with respect to the clouds of the lower halves and overcoming all resistance of the day cross (the final at 131.07) will allow talking about the return of the main advantages to the players' side to increase. Next, you can consider testing the next upward milestones, the closest is the resistance levels of the higher halves (132.20-56) and the upside target for the breakdown of the H4 cloud. The most significant support continues today to focus on the cloudiness of the lower halves, with an increase from the levels of the day cross Ichimoku (130.66-35-25).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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