25.07.201710:02 Forex Analysis & Reviews: Daily review of the currency pairs GBP / JPY and EUR / JPY for July 25, 2017. Ichimoku Indicator

GBP/JPY

The inhibition was outlined a little earlier and the bears were able to reach the support of the daily Kijun (143.79). His influence on the development of the situation can now be exerted by the daytime Fibo Kijun (144.72) and the resistance of the day Tenkan (145.79). In general, the situation has not undergone significant changes to date. The levels of the weekly cross Ichimoku (Tenkan 143.20 + Kijun 141.83) continue to be the thresholds for continuing the decline, after overcoming the day's golden cross.

The junior timeframes were slightly rearranged to support the players to raise (144,50-40 Tenkan N4 + cross H1). If players on the upgrade can now stay in the correction zone and retain their advantage, the main task for them today is to overcome the resistance at 145.15 (Kijun N4 + Senkou Span B N1). Strengthening above 145.15 will affect the balance of power and will form the prospects for new upward goals, the goal for the breakdown of the H1 cloud, the execution of which will lead to a pair of resistance to the daily Tenkan (145.79) and the H4 cloud.

EUR / JPY

Euro/yen still can not get rid of the zone of attraction 129.00-49 (day Tenkan + month Fibo Kijun), which allows the movement to retain some uncertainty. Overcoming the support will create opportunities for continuing the decline, benchmarks at the same time remain the levels of the daytime cross (128.04 - 127.20 - 126.40), strengthened by the weekly Tenkan (126.56).

The main attraction is still the zone of 129.00-49 (high-time levels + cloud H4 + crosses of lower halves). Being in the zone creates uncertainty. The reinforcement above increases the chances of the players to increase, the anchoring below returns the opportunities to the opponents. As a result, extremism is the closest reference point. For the bulls, update the highs of 130.49 and 130.76 and for the bears, overcoming the lows of 128.57 and 128.48.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of the indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun - green dotted line,

Chinkou - gray, clouds:

Senkou Span B (SSB, long-term Trend) - blue,

Senkou Span A (SSA) - pink.

The color of the additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.