22.02.201811:11 Forex Analysis & Reviews: Daily review of the currency pairs GBP / JPY and EUR / JPY as of 22.02.18. Ichimoku Indicator

GBP/JPY

Yesterday, the bears retained their support for the daily short-term trend, as well as remained in the bear zone of the relative day cloud. Today, the priority of bearish sentiments remains. The task of the players for promotion is a new testing of the support zone of the older timeframes 147.90-60. Yesterday, the players on the rise in turn can now take advantage of the fact that it is not possible to complete a full retreat from resistance, and the daylight Tenkan is now continuing the decline, actively increasing the gap between the lines of the dead cross. These circumstances undoubtedly weaken the bearish prospects. The key resistance remained at the previous levels of 150.24 - 151 - 152.26.

The basic support for the Ichimoku indicator elements at the lower time intervals now belongs to the players for a fall. The benchmarks for the decline in this situation are the downside target for the breakdown of the H1 cloud and the support zone of the upper halves at 147.90-60. But the development of events at the present time has an attraction of the day Tenkan (149,42) and the clouds H4. If the pair returns to the H4 cloud and consolidates there, then the intermediate resistance can be noted at 149.90 and 150,30, but the most strengthened and significant resistance is now in the area of 151 (high-latency + Senkou Span B N4).

EUR / JPY

The players on the slide were able to form a cut-off from the day's Tenkan yesterday and close the day at all levels of the week-long cross. As a result, they updated the minimum (131.58) and restored the downtrend. Now, the main task of bears is to overcome the attraction of the minimum extremum, with subsequent consolidation below. The target for the breakdown of the day's cloud, reinforced by the monthly Tenkan (129.95), continues to be a downward reference point. The resistance today can be noted at 132.50-65 - 133.44 - 133.86 - 134.55.

At the moment, the advantages belong to players on the downgrade. The closest reference point for the decrease is the target for the breakdown of the H1 cloud, then the upper half-points will be important (130.76 - 129.95). In the event that now bears can not gain a foothold under the minimum extremum (131.58), resistance today can be noted in the area of 132.10 - 132.50-65 - 133.44-86 - 134.55.

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.