28.02.201810:30 Forex Analysis & Reviews: The daily review of the currency pair GBP / JPY for February 28, 2018. Ichimoku Indicator

GBP/JPY

Senior timeframes

The situation again has not received development, definiteness has not increased in the last 24 hours. The weekly Kijun (148.88) retains the role of support, overcoming the level will make the most important task of bears testing the monthly Tenkan (147.62). The daytime Tenkan (149.71) is currently holding back the advance of players to raise, while retaining a short-term advantage on the opponent's side.

H4-H1

The movement continues to develop within the resistance levels (daytime Tenkan 149.71) and support (weekly Kijun 148.88), as a result, the information content of the lower time intervals now depends and is tied to the older timeframes. For the bears, overcoming 148.88 will allow us to consider the exit from the correction zone, update the minimum extremum and test the next support 147.62. For the bulls, the breakdown of 149.71 and the consolidation above will bring a daily short-term advantage and an exit to the bull zone relative to the cloudiness of Ichimoku at lower jumps.

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.