Technical Analysis 21.05.2019 – EUR/JPY: Ichimoku clouds
On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (122.14). The closest resistance level is Kijun-sen line (123.91).
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