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23.11.201712:22 Forex Analysis & Reviews: Daily review of GBP / JPY and EUR / JPY pairs on 22.11.17. Ichimoku Indicator

Long-term review
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GBP / JPY pair

Exchange Rates 23.11.2017 analysis

Despite the optimism shown after the meeting with the support of the day's cloud, players on the rise still cannot continue the uptrend. A consolidation under the resistance of the day cross (149.25-76 - 150.26) and the levels of the more senior halves (149.24-58) continues. The upper boundary of the day cloud (Senkou Span A 148.27) is now the nearest support, then the weekly Fibo Kijun (147.42) will further defend the interests of players for promotion.

Exchange Rates 23.11.2017 analysis

In the next session, the resistance of the cloud H4 will not allow players to increase the turn in the situation in their favor. A cloud at H4 would still be a reliable obstacle in the way of bulls. Among the supports, the zone of 148,50 -27 (Kijun N4 + Senkou Span B N1 + Fibo Kijun N4 + Senkou Span A of the day cloud) should be given importance today. Securing below this level will allow the consideration of updating the minimum and reducing to weekly support (147.42). Among the resistance levels, the most important is the cloud of H4 which is reinforced by the levels of the senior times (148,80 - 149,24).

EUR / JPY

Exchange Rates 23.11.2017 analysis

The positive mood of players to increase was intercepted on Monday initiative and it has not received development since. The cloud of Ichimoku is often a zone of uncertainty. It was this mood of uncertainty that dominated the last day. For today, the nearest resistance was positioned at 51 (daytime Tenkan + Senkou Span A) and the support was positioned 130.98 (Senkou Span B of the day's cloud).

Exchange Rates 23.11.2017 analysis

Since the last analysis, the situation has not undergone any significant changes. The most important resistance continues to remain the levels of 132.51 - 132.83 - 133.24 which will lead to the return of bullish interests and positions. For players on the fall,

the most significant will be the interaction with the support of the lower boundary of the day.

Indicator parameters:

all time intervals 9 - 26 - 52

The 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.

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.

Evangelos Poulakis
Analytical expert of InstaForex
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