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Ichimoku Indicator

25.04.201823:59 Forex Analysis & Reviews: The daily review of the currency pair GBP / JPY for April 25, 2018. Ichimoku Indicator

Long-term review

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GBP / JPY

Senior timeframes

Despite the excellent bearish potential of last week, players on the decline have so far failed to update the minimum of the weekly candle and continue the decline. The strength of the supports strength (150.77 week Kijun + day Kijun + daytime Senkou Span B) did its job. Currently, the players on the rise, leveling the achievements of last week, are working to return the daily short-term trend (152.25) to their side.

H4-H1

The resistance of the senior half (152.14-25) strengthens the resistance of the cloud H4 (151.85 - 152.87). Strengthening the above resistances opens up new upward prospects, the primary task, in this case, will be to update and overcome the maximum extremum (153.83). If the players on the slide cannot cope with the task, then after the end of the climb, the value may be 151.80-85 and 151.24, and the breakdown of 150.77 will return the bearish sentiment of last week.

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