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15.06.201801:05 Forex Analysis & Reviews: Daily review of GBP/JPY as of June 14, 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 15.06.2018 analysis

GBP/JPY

Throughout the current week, players on the rise, to continue the climb, tried to go beyond the upper shadow of the last week candle, but they have not been able to achieve a positive result so far. The maximum extremum (148.09) has not been updated, the resistance uniting weekly levels (Senkou Span A 148.25 + Tenkan 148.45 + Fibo Kijun 148.29) has not been tested. These tasks remain a priority. But if there is no progress again today, players on the slide can take advantage of the weakness of the opponent, which will lead to a decrease. The most important support now is the area of 146.95-57 (day cross level + Kijun H4 + upper boundary of the H4 cloud), then you should note the area 145.60-80 (daytime Fibo Kijun + lower boundary of the cloud H4). The consolidation under these supports will change the current balance of power, which is now largely on the side of the bulls, and will require a new assessment of the situation.

Exchange Rates 15.06.2018 analysis

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
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