18.01.201815:21 Forex Analysis & Reviews: Daily review of GBP / JPY and EUR / JPY as of 18.01.18. Ichimoku Indicator

GBP/JPY

On the eve of the support of the day-long cross, the interests of the players were raised. The bulls managed to leave the zone of uncertainty and continue the ascent. To date, the maximum extremum has been updated (153.65). The next upward milestones are the monthly resistance levels (Kijun 155.56 + Senkou Span B 156.32). The zone of immediate support at the upper halves continues to be the Ichimoku day cross (Tenkan 152.21 + Kijun 151.82).

The players on the increase overcame the resistance of the target at the breakdown of the H1 cloud. As a result of the upsurge, they managed to update the maximum extremum (153.65) and fulfill the ascending goal at the breakdown of the H4 cloud. The goal of H4 now has an attraction and promotes braking. In addition, it is the main resistance level in this area (100% 154.06). The goals of the junior timeframes have been worked out, so a reliable consolidation above the goal of H4 will allow us to consider the following upward steps of the higher half times (155.56 - 156.32).

EUR / JPY

The fight against the monthly Senkou Span A (135.74) continues. The players raise a long high shadow for the level, but they can not close the daylight candle above the level yet. In the case of overcoming the upper boundary of the monthly cloud, the closest reference point is the update of the maximum extremum (136.56). Failure to overcome the resistance will return the pair to support, the nearest support is concentrated in the area of the day cross (134,83-31).

The braking of the pair led to a lateral movement. The pair is still tied to the level of 135.74. If the pair breaks out of the movement of the last days, we can expect a new activity. The target of the bulls is the maximum (136.56) and the target for the breakdown of the H4 cloud. For the bears, it is most important to return to the support of the H4 cloud, which is still intensified by the Ichimoku day cross (134.83-31).

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.