22.09.201714:08 Forex Analysis & Reviews: Daily review of GBP / JPY and EUR / JPY pairs on September 22,17. Ichimoku Indicator

GBP / JPY

Fibo Kijun of 151.71. Fibo Kijun of 151.71. Players on the rise. When the outcome has been confirmed, the current disposition will be sustained and sustained consolidation. Returning to the levels of 151.71 - 152.05 and a formation of the combined reversal candle will contribute to the development of a corrective decline.

The activity in the area of 151.71 - 152.05 remains while the pair remains in the zone that influences these levels. Currently, the support area is quite wide except for 151.71-152.05 including 151.20 (the final crosses of the cross N4 + Senkou Span B N1) and 150.80 (target levels of the daytime). A support below will change the balance of the forces in the lower halves, forming a downside target of a breakdown in the H1 cloud. It opens the opportunity for support in the H4 cloud which is being amplified by the day Tenkan (148.35).

EUR / JPY

Yesterday, the pair was marked by a new daily high and proceeded to the target level of 100% and break of the weekly cloud at 134.59. The fulfillment of the goal is of utmost importance. The aim is to break the level and consolidate above 134.59 which will open up new prospects and benchmarks for players to improve. In this case, the next resistance will be 137.64 (the monthly Senkou Span A). The Daytime Tenkan at132.50 rose slightly higher today. It continues to stay in the upper half.

Despite being in the correction zone, the players on the side continue to raise the main support for the Ichimoku indicator. As of the moment, the benchmark is found at the resistance level of 134.59. The 133.51 mark should be noted as it is important among the most significant support levels for today (the final borders of the cross H4 + cloud H1). A breakout will form a new downside target that is to form another breakout in the H1 cloud. This will open the way for a decline to the support level of the H4 cloud which is now amplified by the daily short-term trend (132.50).

Indicator parameters:

all time intervals 9 - 26 - 52

Color of indicator lines:

Tenkan (short-term trend) - red;

Kijun (medium-term trend) - green;

Fibo Kijun is a green dotted line;

Chikou is gray;

clouds: Senkou Span B (SSB, long-term trend) - blue;

Senkou Span A (SSA) - pink.

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.