20.10.201714:46 Forex Analysis & Reviews: The Daily review of GBP / JPY and EUR / JPY pairs on 20.10.17. Ichimoku Indicator

GBP / JPY pair

The pair is marked by a new daily high once again after the retest of the levels of the day's cross (Kijun 132.51 + Tenkan 132.64). As a result, the initiative and the preponderance of forces are currently on the side of the players on the rise.

In place of the day with the bears leading the market, here comes the day with the bullish sentiment. As a result of a long advantage in the forces, so far it is not possible to reach any of the players. Fibo Kijun (149.24). In the upper channel, the path was still blocked. Besides, the lines of the day cross Kijun (149.72) and Fibo Kijun (150.45) for today have advanced to support it. The attraction and support of the lower boundary now focus on the daytime Tenkan (148,34) and historical level (147,75). Today, the week is closed. The absence of a pronounced bullish mood in the character of the weekly.

At the younger timeframe, players on the rise in the near future can seize the long-term advantage. After the price settles in the bull zone, against the cloudiness of Ichimoku, a new stage of recovery is expected. On the other hand, the resistance to the players on the rise will be at the levels of the upper halves found at 149.24 - 149.72 - 150.45.

For the development of bearish sentiment, a descent under the clouds and it is important to secure the support area of 148.34 - 147.75.

EUR / JPY pair

The pair is marked by a new daily high once again after a retest of the levels of the day's cross (Kijun 132.51 + Tenkan 132.64). As a result, the initiative and the preponderance of forces are currently on the side of the players on the rise. Their main task is to restore the uptrend at 134.42. 132.67 (Tenkan) - 132.51 (Kijun).

H4 on the first target at 133.81 and the next task for the players on the rise to 134.05 with the possible rise of the movement in the maximum boundary at 134.42. For today, the support level at 133.17 (Tenkan N4 + Kijun N1) - 132.96 - 132.77 (Kijun N4 + Senkou Span B N1 + day Tenkan) can be noted. The breakdown of the support level at 132.77has is most affected by the situation and changes in the balance of forces.

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;

Chikou 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.