AUD/JPY: Ichimoku clouds



AUD/JPY: Ichimoku clouds
Let's look at the four-hour 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 (86.698). Merged Tenkan-sen and Kijun-sen lines have become a strong resistance level (87.238).
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