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Ichimoku Indicator

04.06.201810:11 Forex Analysis & Reviews: The daily review of GBP / JPY for June 4, 2018. Ichimoku Indicator

Long-term review

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GBP / JPY

The expectations of the Friday forecast are fulfilled. The players on the increase managed to realize a retreat from the lower boundary of the weekly cloud (144.21) and the target for the breakdown of the daytime cloud (143.08), as a result of which they managed to rise to the resistance area of the day Tenkan (146.44). In this situation, the main plans for players to raise are in the breakdown of the clouds H4 (146,57-73) and the liquidation of the day's cross. Perhaps, for the implementation of these tasks, players will have to take a pause to raise. Important support today should be noted at 145.60 (Tenkan H4 + Kijun H1) and 144.94 (Kijun H4 + cloud H1), while keeping the activity and opportunities for bulls is better to limit the decline to within 145.60. Overcoming the resistance of the H4 cloud will form the next upward target and will open the way to resistances of older time intervals.

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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