22.05.201811:54 Forex Analysis & Reviews: The daily review of the currency pair of GBP / JPY for May 22, 2018. Ichimoku Indicator

GBP / JPY

The pair continues to be in the zone of influence and attraction of the resistances of the day (149.58) and week (149.40) Fibo Kijun. Maintain a certain advantage on the side of the players on the rise now allow to support short-term trends of the day (148.71) and month (148.88) timeframes. The breakdown of the supports and reliable fastening below will change the mood and may help to complete the climb. The main task for bears, in this case, is still testing the upper boundary of the weekly cloud (147.66), with the aim of breakdown. If the players are now on the increase will maintain its advantage, the development of the bullish sentiment in the region will result in a couple of important resistance 150.43-78 (weekly cloud cross daytime + + + daily Kijun goal H4). From the junior timeframes to this area, the goal is to break the H4 cloud (150.83), the capacity of which is still preserved. The breakdown of the current supports and the H4 cloud (148.16) will change the existing balance of forces, cancel the current goal and form downward benchmarks.

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.