15.02.201805:19 Forex Analysis & Reviews: Daily review of GBP / JPY and EUR / JPY pairs as of 14.02.18. Ichimoku Indicator

Combining the efforts of the H3 cloud and the weekly Kijun (132.65) could delay the development of events for a long time. In this situation, players on the decline will most likely not be able to continue the decline.

GBP / JPY pair

Players on the decline will retain their advantages. Today, they have updated the minimum extremum (148,90). However, it is not possible to achieve the same activity. Markers for the decline continue to be supported in the area of 147.60-90 (weekly Kijun + monthly Tenkan). The present key attraction is at the level of 150.16 (daytime Senkou Span B) and 149.98 (weekly Fibo Kijun). The return to the levels and consolidation of the above will affect the balance of power and allow us to consider other upward milestones (the next target level of 151.07 - 151.71 - 152.61).

The Ichimoku indicator is completely on the side of the players to fall. The nearest downward guidance points are located at the high-tier levels (147,60-90). Among the resistances that can affect the distribution of the balance of power, is 149.35 (cross H1 + Tenkan H4) - 150 (cloud H1 + high-time levels) - 151.10-30 (Kijun H4 + senior time levels).

EUR / JPY pair

The pair continues to interact with the medium-term trend of 132.65. The Weekly Kijun does not allow players to deeper downward the benchmarks (131.52-weekly Fibo Kijun + 129.95-monthly Tenkan). At the moment, there is still uncertainty, however, in the case of transition to the bull side of the zone 133,70-90 (weekly Fibo Kijun + daytime Senkou Span B), an upward correction can develop between 134.74 and 135.74.

Combining the efforts of the H3 cloud and the weekly Kijun (132.65) could delay the development of events for a long time. In this situation, the players on the decline, scoring all, will not be able to continue the decline without a full-scale upward correction. Among the lower halves today, the level of 133.05 and 133.40 should be noted, as well as, as, as fast as the fastest, the H1 cloud, then the time-tested levels of 133.70-90 -134.74-1335.74 will be significant.

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,

Chikou 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.