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13.12.201703:10 Forex Analysis & Reviews: The daily review of GBP / JPY and EUR / JPY on 12/12/17. 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 13.12.2017 analysis

The daytime Tenkan attempts escape away from the bears and clear the way to decline. Currently, in the lower half, it acts as a resistance at 151.56. In general, the situation in the past day did not show any significant changes, the conclusions and expectations have remained the same.

Exchange Rates 13.12.2017 analysis

In the process of reducing the bears inclined to achieve benefits and slow the movement of support. Securing in the bearish zone in comparison to the H1 cloud, made it possible to form a new downside target. While the execution which will lead to the major levels in the 150 area (upper levels + lower boundary of the H4 cloud). Players on the increase for the initial restoration of positions need to overcome a fairly wide area, formed by the cross of H4 and the H1 cloud, and also strengthened by the daily short-term trend (151.56 - 151.90 - 152.30).

EUR / JPY

Exchange Rates 13.12.2017 analysis

The activity of players on the rise over the past day has slightly decreased, as a result, the situation since the last analysis has practically not changed. The rising benchmark continues to be the exit from the consolidation zone and overcoming the level of 100% of the weekly target at the breakdown of the cloud (134.59). The main focus remains in the daytime cross (Tenkan 133.31 + Kijun 132.76) and a weekly Tenkan (132.83).

Exchange Rates 13.12.2017 analysis

In the process of braking and downward correction, the pair uses the previously indicated support at 133.50. Breakdown of the resistance of the target N1 (133.70-90) will open the way for the continuation of the upsurge, the task for the rising players is to update the maximum boundaries. The supports for today are located at 133.30 (daytime Tenkan + bottom of cloud H1 + cloud H4) - 133.04 (Kijun H4 + cloud H4) - 132.83 (high levels).

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,

Chinkou 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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