09.03.201811:02 Forex Analysis & Reviews: Daily review of GBP / JPY as of 03/09/18. Ichimoku Indicator

GBP/JPY

Senior timeframes

After working off the daily target for the first target (145.25), the pair returned to the most important zone of resistance (daytime Tenkan 147.48 + monthly Tenkan 147.95) and is consolidating here the last few days. The breakdown of the resistance zone will form more reliable short-term advantages for the players to increase, and will also open new prospects for the continuation of the recovery. The next resistance zone combines the medium-term trends of the weeks (149.58) and the month (149.88), as well as the daytime Fibo Kijun (149.40). The role of support at the older timeframes still belongs to the day target for the breakdown of the cloud (145.25 - 143.99), strengthened by the monthly Fibo Kijun (143.96).

H4-H1

Expectations and variants of the development of events have not undergone significant changes. Using the support zone of the lower time intervals (146.48-20 main and final borders of the gold cross H4 + cloud H1), the players on the increase retain advantages, and also because of this, they continue to test the resistance zone 147.48-95 for strength. The breakdown of the zone now coincides with the breakdown of the H4 cloud, so as a result of overcoming 147.95, an upward target will be formed for the breakdown of the H4 cloud.

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.