30.04.201811:24 Forex Analysis & Reviews: The daily review of the currency pair GBP / JPY for April 30, 2018. Ichimoku Indicator

Long-term review

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GBP / JPY

Senior timeframes

The strength of the resistances met (152.14-20 days Tenkan + week-old Fibo Kijun) was able to stop the continuation of the climb, while players on the slide took advantage of the situation and were able to realize a new stage of decline. To date, the pair has descended to the most important levels of the site (150.77 week Kijun + day Kijun + daytime Senkou Span B). The fastening at 150.77, in the daylight bearish cloud, will allow us to consider further decline, the immediate guide is now the zone 149.40 - 07 (week Tenkan + weekly Fibo Kijun + monthly Fibo Kijun), then the bears' interest will be to exit the daytime cloud and in the fixing in the cloud Ichimoku on the weekly timeframe.

H4-H1

In this situation, at low jumps, the support of the Ichimoku indicator is entirely owned by the players for a fall. As the benchmarks for reducing today, it is necessary to note the levels of the older time intervals of 150.02 and 149.40.07. Resistance, which can affect the balance of power and the further development of the situation, can now be noted at 150.77 - 151.47 - 152.14- 20. The consolidation above 150.77 may again in the future complete the next decline, the rise above 151.47 will significantly change the balance of the forces of the lower halves. Eliminate the dead cross H4 and form in the breakdown of the cloud an upward target on H1, the return of the lines 151.14-20 will return not only the main advantages and support of the upper half, but also form a continuation for the ascent (the goal is to break the H4 cloud).

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.

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