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GBP/USD: general analysis 19 April 2019, 10:54

GBP/USD: general analysis 19 April 2019, 10:54 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.2997 Ta...

Apr 17, 2019

EUR/JPY: Ichimoku clouds 17 April 2019, 07:59


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 126.51
Take Profit 126.98
Stop Loss 125.91
Key Levels 125.80 125.91 126.98 127.39


Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed downwards, while the blue one remains 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 Kijun-sen line (125.91). One of the previous maximums of Chikou Span line is expected to be a resistance level (126.98).



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 the upper border of the cloud (125.80). One of the previous maximums of Chikou Span line is expected to be a resistance level (127.39).

It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (126.98) line and Stop Loss at the level of Kijun-sen line (125.91).

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