empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

19.04.201805:20 Forex Analysis & Reviews: The daily review of GBP / JPY pair on 18.04.18. Ichimoku Indicator

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

GBP / JPY pair

Exchange Rates 19.04.2018 analysis

Higher timeframes

Target development has not yet been observed. The pair continues to work in the range of the Friday candle, as a result of the conclusions and expectations. As voiced earlier, it remains relevant. The renewal of the last week's maximum extremum (153.83) and the reliable consolidation above will allow the consideration of the uptrend resumption n the area of 156.60 (the maximum extremum is 156.58 + the lower limit of the monthly cloud is 156.54 + the target for breakdown of the day cloud is 155.44 - 156,60). In case of a deeper correction of the support, it is necessary to trace the boundaries 152,14 - 151,85 (weekly Fibo Kijun + day Tenkan) and 150,77 - 150,45 (weekly Kijun + day Kijun).

Exchange Rates 19.04.2018 analysis

H4 - H1

The pair leaves no hope of getting out of the correction and consolidation zone. Players on the rise need a breakdown of the correction in the trend and go beyond the level of 153.83. Lower league levels are now the closest support (153.20 - 152.80) and help maintain a certain advantage on the side of players to rise. Elimination of the H4 cross (152,50-17) and a decrease to the support in the area of 152.14 - 151.85 can lead to a significant change in the balance of power and further intensify the bearish sentiment.

Evangelos Poulakis
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off