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Ichimoku Indicator

01.06.201811:51 Forex Analysis & Reviews: Daily review of GBP/USD as of June 1, 2018. Ichimoku Indicator

Long-term review

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GBP/USD

The pair closed the month of May in the area of the zone of influence of fairly strong supports - 1.3200 -1.3144 (monthly Fibo Kijun + weekly Senkou Span A). Therefore, bears who have performed an effective decline in this area may take a break. Daytime Tenkan, which limits all the nascent corrections before it, is now a significant resistance. Fastening above the daily short-term trend (1.3347) will allow to consider the possibility of rebound from the lower boundary of the weekly cloud (1.3204) and will contribute to the development of an upward correction. The benchmarks in this case will be levels 1.3502 - 1.3640 - 1.3790.

Indicator parameters:

all time intervals 9 - 26 - 52

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.

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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