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Ichimoku Indicator

12.04.201810:24 Forex Analysis & Reviews: The daily review of GBP / JPY pair on 12.04.18. Ichimoku Indicator

Long-term review

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GBP / JPY pair

Higher timeframes

The resistance encountered (152,14) could stop the promotion of players to increase, as a result of a series of white candles appeared black. Continuation of the decline will lead to a couple of the most important supports of this area (weekly Kijun 150.77 + day Senkou Span B 150.78 + day Tenkan 150.29). The reinforcement below will change the balance of power to form new perspectives and advantages.

H4 - H1

The resistance encountered at the level of 152.14 provoked inhibition and a downward correction. Support is now provided by the levels of lower timeframes (151.31 Fibo Kijun N4 + cloud H1). The breakdown of the H1 cloud will form a downside target, which will lead to a pair of final crosses on the H4 cross and important support for the higher timeframes to be found at (150.77-29). The restoration of positions and the return of the Ichimoku indicator support levels (151.75 - 85) at the lower time intervals may lead to a new resistance testing of 152.14.

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