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Ichimoku Indicator

22.09.201701:00 Forex Analysis & Reviews: The daily review of GBP / JPY and EUR / JPY for September 21, 2017. Ichimoku Indicator

Long-term review

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GBP/JPY

The players on the decline did not succeed in continuing the decline, as rivals again marked the new daily highs. At the moment, the pair is testing an important resistance, the level of 100% of the target for the breakdown of the daytime cloud (152.05). This area is strengthened by the monthly Fibo Kijun (151.71). The result of the interaction will determine the further development of the situation.

Now, the advantages on the side of the players on the rise which are testing upward guidance points of 152.05 and 151.71. Perhaps, the bears in the near future will take revenge. To change the balance of power in the junior time frames, it is important for them today to return to their side support of 151.33 (Tenkan H4 + Kijun H1), 150.83 (upper-tier + cloud N1) and 149.81-30 (the final crosses of the cross H4).

EUR / JPY

In the past day, there has been a slight slowdown but by now players on the rise are again ready to update the daily high. The upward target remains the same - 100% target performance on the break of the weekly cloud (134.59). The support maintains its location at a significant distance from the price chart 132.09-07 (the level of the first target of the weekly target + day Tenkan).

Players on the increase do not leave attempts to get rid of the correction zone, as a result of which they will be able to continue the upward trend and will try to reach the weekly goal (134.59). Among the supporters of the lower half, today we need to mark the zone of 133.68-40 (Tenkan H4 + cross H1 + cloud H1) and 133,80-70 (the final borders of the cross H4), then the levels of the higher halves (132,07-09) are further located.

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 additional lines:

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

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

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