06.03.201812:47 Forex Analysis & Reviews: Daily review of the currency pair GBP / JPY on March 6, 2018. Ichimoku Indicator

GBP / JPY

Senior timeframes

Despite the descending gap at the opening of the auction, the initiative yesterday belonged to the players on the rise, which quite actively performed the correction to daytime Tenkan (147.48). In the case of transition to the side of bulls of short-term trends (daily 147.48 + monthly 147.95), it will be possible to consider the opportunities and prospects for further recovery of the players' positions on the increase. The support and guidance for continuing the decline is now the daily target for the breakdown of the cloud (145.25 - 143.99), the goal is strengthened by the monthly Fibo Kijun (143.96).

H4-H1

At the moment, the braking is caused by testing the key resistance of the dead cross N4, which is strengthened by the day Tenkan (147,48). The task of players to raise is to eliminate the dead cross N4, then they need to take over the daily and monthly short-term advantage (147.48-95). The nearest important support today is 146.25 (Tenkan N4 + Kijun N1 + Senkou Span B N1), consolidation below is undesirable for players to raise. Further among the supports can be noted at 145.25 (the first target of the daily goal).

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.