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Ichimoku Indicator

14.08.201709:27 Forex Analysis & Reviews: Daily review of the currency pairs GBP / JPY and EUR / JPY for August 14, 17. Ichimoku Indicator

Long-term review

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GBP/JPY

The pair braked in the support area of influence 141,83 - 142,00 (weekly Kijun + monthly Tenkan + trend line). The encountered support of the trend line has more than once helped the players to increase the top-down weekly correction. And now, using the power of the influence of the levels encountered, players on the rise are trying to restore their positions. The breakdown of the supports will open the way for a decrease to the weekly Fibo Kijun (140.36) and Senkou Span A (139.24). The most important resistance in this situation is the daytime cloud, which is strengthened by the daily cross and weekly levels (Tenkan 143.80 + Senkou Span B 144.44).

The senior highs of 141.83 - 142.00 are currently strengthening the key support for H4 (Tenkan) and H1 (Kijun). Fixing below the levels will help complete the climb. The breakdown of the H1 cloud and the liquidation of the dead cross H4 (Kijun now 142.83) will allow us to consider the continuation of the upward movement, the benchmarks of which will be the levels of the older time intervals and the target for the breakdown of the H1 cloud.

EUR / JPY

After breaking the day's cross (129.73), the pair retests the passed levels. The return of the day cross to the players' side on the rise will allow us to make a new attempt at recovery, the main target, after the renewal of the highs, continues to be the weekly target for the breakdown of the cloud (132.09 - 134.59). The most important support now unite in the area of 127.74-52 (weekly Tenkan + monthly Fibo Kijun + day cloud).

The pair performed the upward movement, having risen to the key resistance as much as possible - 129,73-130,11 (day cross + target for the breakdown of the H1 + Fibo Kijun H4 cloud). The breakdown of the zone will significantly change the balance of the forces of the lower halves, and the rise and overcoming of the resistance of the H4 cloud will open up new horizons for players to rise. The nearest support is now located at 129.31 (Tenkan N1), but the most fortified zone is the area of 128.84 (Tenkan N4 + Kijun N1 + N1 cloud).

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