07.03.201811:45 Forex Analysis & Reviews: The daily review of the currency pair GBP / JPY for March 7, 2018. Ichimoku Indicator

GBP / JPY

Senior timeframes

Yesterday, the players on the increase reached out and tested an important resistance zone, combining short-term trends of the daily (147.48) and monthly (147.95) timeframes. The fastening above this zone will allow us to consider new bullish prospects, but while the pair remains below the Tenkans' resistance, the short-term support belongs to players on a decline. In this situation, the downward target continues to be the target for the breakdown of the daytime cloud (145.25 - 143.99), strengthened by the monthly Fibo Kijun (143.96).

H4-H1

The resistance zone is met at 147,48-95. The breakdown of the zone now coincides with the breakdown of the H4 cloud, so after overcoming the resistance levels to the upward orientations of the older timeframes, the goal for the breakdown of the H4 cloud will be added. Among the supports today, it is necessary to note the area of 146.48-20 (the main and final borders of the gold cross of H4 and the bull cloud of H1), reliable consolidation below will deprive the players of increasing support for the Ichimoku indicator at lower dimes and may influence the further development of events.

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.