03.01.201807:27 Forex Analysis & Reviews: Daily review of GBP / JPY and EUR / JPY on 02.01.18. Ichimoku Indicator

GBP / JPY

Last year, the pair closed a small candle with a white body, continuing the movement, indicated in the lower shadow of the previous year, but at the same time, it is unlikely that success will be achieved and the conquest of bulls for 2017. The movement had insignificant results, the ups were alternating with equivalent descents, and in the fall the pair remained in a small range, making unsuccessful attempts to continue the upward trend. To date, the schedule is again present conditions for the formation of a weekly divergence for Chinkou. Therefore, the players on the downside have every reason to rely on the presence of their moods and the formation of new descents in the coming year.

Players on the rise overcome the resistance level of 151.91 and now on the way to the goal at the breakdown of the cloud H4. The goal of H4 is strengthened by the resistance of the maximum extremum (153.38). The support today can be noted at 151.91 (cross H1 + historical level) - 151.42 (daytime Tenkan + upper boundary of cloud H4) - 150.90-70 (daytime Fibo Kijun + lower boundary of cloud H4) - 150.16 (levels senior half-time). The decrease for each of the indicated levels will significantly change the distribution of forces, first at lower jumps, then at older timeframes.

EUR / JPY

To finish the year, the players on the increase were able to out of a fairly long consolidation, with a good annual result. The pair in 2017 managed to break the lower boundary of the monthly cloud, overcome the resistance of the cloud and reach its upper limit. As a result, now the main task, from which the outcome of the work of 2018 depends, lies in testing the monthly Senkou Span A (135.74). Overcoming the level will form a new upward goal and will open new prospects for players to rise. The formation of a rebound from the upper boundary of a monthly cloud can provoke the development of a corrective decline, the benchmark for which will be the monthly Tenkan.

An upward orientation is an interaction with the monthly level of 135.74. The current support is now Tenkan N1 (135,39), then it can be noted 135,10 (Kijun Н1 + cross Н4) - 134,59 (historical level + junior time clouds) - 134,10 (day Tenkan + cloud Н4) - 134 , 69-50 (daytime Kijun + lower boundary of cloud H4). The reduction to these supports, and even more so the consolidation under them will return the pair to the consolidation zone and may serve as the beginning of the rebound from the resistance of the upper boundary of the monthly cloud.

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.