15.08.201816:18 Forex Analysis & Reviews: The daily review of GBP / USD as of August 15, 2018. Ichimoku Indicator

GBP / USD

Having carried out the retest, passed on the eve of the level of 1.2820, the players on the slide again updated the minimum, but they could not close the day below. As a result, the decline may not be so effective now, and the levels passed last week (1.2820 historical level + 1.2904 month Fibo Kijun) can have an attraction and keep the situation from developing. If the players on the slide still come back to active descent, then the benchmarks for them on the older timeframes are now the weekly target for the breakdown of the cloud (1.2072 - 1.2302) and the minimum extremum (1.1986).

At the moment, we see a slight inhibition. The pair closed higher than Tenkan N1, so the corrective lift has chances of continuation. The closest benchmarks now are the levels of 1,2759 (Tenkan H4 + Kijun H1 + H1 cloud) and 1,2820 (historical level + final crossings of the H4 cross). Further, in the case of successful consolidation above, the question of testing the resistance of the H4 cloud, reinforced by the higher-tier levels (1.2870-1.2900), will arise.

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.