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Ichimoku Indicator

15.05.201811:14 Forex Analysis & Reviews: The daily review of the currency pair GBP / JPY as of May 15, 2018. Ichimoku Indicator

Long-term review

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GBP / JPY

Senior timeframes

The pair was able to pass the daytime Tenkan and is now under the resistance of the lower boundary of the daytime cloud (149.09) and monthly levels (148.95). For the players in the rise in this situation, it is desirable to overcome the resistance. Opponents are quite satisfied with the consolidation under the resistance levels, as long-term consolidation will increase the chances of new testing of support for the upper boundary of the weekly cloud (147.66).

H4-H1

At the moment, we observe a confrontation under the resistance of the senior half-time (area 149). For the players to raise, sufficient support is provided by the indicator of Ichimoku on junior timeframes. It is important to overcome the resistances encountered and to rise to the upper boundary of the cloud H4 (149.64). The resistance of the upper boundary of the cloud H4 is now strengthened by the levels of the upper half times (149.40-65), overcoming will allow us to consider new upward prospects, from the lower halves a target will be formed for the breakdown of the H4 cloud. The most important support that can transfer benefits to the players' side is the area 148.15-25 (the lower boundary of the cloud is H4 + cloud H1 + day Tenkan). The fastening below will allow to form a retreat from the resistances encountered (149), while it will deprive the bulls of Ichimoku's support of lower tenses and the daily short-term trend. Next, you can consider a new testing of the upper boundary of the weekly cloud (147.66).

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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