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Ichimoku Indicator

20.04.201811:31 Forex Analysis & Reviews: The daily review of the GBP / JPY for April 20, 2018. Ichimoku Indicator

Long-term review

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GBP/JPY

Senior timeframes

The daytime Tenkan could not stop the decline, the pair is approaching the next significant support area of 150.77 - 150.45 (weekly Kijun + day Kijun + daytime Senkou Span B). Today, close the week, the minimal lower shadow of the weekly candle or its absence will allow to form the candle pattern Penetrating lines, with the potential of the model being very good, so overcoming 150.77-45 will allow us to consider the prospects for further decline.

H4-H1

The players went down to the bottom of the cloud H4 and are now trying to overcome the support of the lower boundary of the cloud (151,30-20). Simultaneously with the cloud, it is important to overcome the zone 150.77-45 (support of the older time intervals). The fastening of the bears under the supported supports will open the way to new landmarks, one of which will be a downward target for the breakdown of the H4 cloud.

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