empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

11.06.201823:16 Forex Analysis & Reviews: Daily review of GBP/JPY on June 11, 2018. Ichimoku Indicator

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 11.06.2018 analysis

GBP/JPY

On Friday, during the retest of the passed levels of the day cross (Kijun 146.57), the pair formed a retreat. At the moment, there is a development of the situation and the strengthening of bullish positions. The nearest resistances are now concentrated in the area of joining forces of the weekly levels – 148.25-45 (Senkou span a + Tenkan + Fibo Kijun). The break and consolidation above will allow to consider new prospects. The most important task will be to test the area 150 (daily cloud + weekly Kijun + monthly Tenkan).

Exchange Rates 11.06.2018 analysis

At lower time intervals, the bears, with a decrease, worked on the first target, the target for the breakdown of the H1 cloud (146.12), but at the same time the work capacity of the upward target for the breakdown of the H4 cloud was preserved. As a result, the recovery of the uptrend and the overcoming of resistance 148,25-45 will allow to consider the possibility of fulfilling the goal of H4, which will lead players to increase to the daily cloud and the accumulation of resistance in the area of 150. Support today should be noted at 147.38 - 146.58 - 145.78.

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.

Evangelos Poulakis
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off