empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

18.10.201710:50 Forex Analysis & Reviews: The daily review of GBP / JPY and EUR / JPY on 18/10/17. Ichimoku Indicator

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

GBP / JPY

Exchange Rates 18.10.2017 analysis

The pair continues to remain in the zone of accumulation and attraction of the levels of the day cross. The main expectations and conclusions have not changed. Overcoming the supports (Tenkan 148.08 + Fibo Kijun 148.10) and updating the minimum extremum (146.92) will allow considering the possibilities for further reduction, while the target area is 146.06 - 145.74 (Weekly Tenkan + Kijun). Fixation above the resistance 149.24 (the monthly Fibo Kijun) will serve as the strengthening of bullish interests and may contribute to a more active recovery of the players' positions for promotion.

Exchange Rates 18.10.2017 analysis

For bears, it is important to keep your location under the clouds of lower jumps. Further development of the situation in the south direction is possible in the case of a breakdown of the trend and updating of the minimum 147.27 and 146.92.

For players on the rise, it is important to leave the bear zone and gain a foothold above the cloudiness of the lower half. On this path, we can note the resistance of 148.39 (Tenkan H4 + Kijun H1 + cloud H1), then the value will have the upper boundary of the cloud H4 and 149.24 (the level of the higher dimes).

EUR / JPY

Exchange Rates 18.10.2017 analysis

Players on the decline still can not overcome the final line of the day's cross (Fibo Kijun 132.06) and go beyond the lows of past declines (131.85-74). All other levels of the day, as yet golden, cross continues to remain resistances (132.51-58-96).

Exchange Rates 18.10.2017 analysis

During the past 24 hours, the players did not manage to reliably overcome the support and continue the decline. As a result, the relevance of resistances has retained its importance. Today, among the resistances, it should be noted 132.36 (Fibo Kijun N4 + cloud H1) - 132.51-58 (Kijun N4 + high-time levels) - 132.96 (the top of the cloud is H4 + the high-time level).

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.

Evangelos Poulakis
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off