01.03.201810:02 Forex Analysis & Reviews: The daily review of the currency pair GBP / JPY as of March 1, 2018. Ichimoku Indicator

GBP/JPY

Senior timeframes

The players on the fall managed to close February with the most bearish mood, forming a retreat from the lower boundary of the monthly cloud and returning to itself the support of the dead cross Ichimoku. As a result, in March, you can expect the continuation of the decline and the working out of the current day target for cloud breakdown, strengthened by the monthly Fibo Kijun (143.96), the players of the downgrade task will also include the liquidation of the weekly dead cross and the formation of support for the development of bearish sentiments on the weekly time.

H4-H1

At the lower timeframes, the main support for the indicator Ichimoku is now on the side of the bears. In the case of development of the upward correction, the resistance levels of H4 and H1 will combine their efforts with the levels of the more senior times - 147.50-60 (Fibo Kijun N4), 150 (Fibo Kijun N1 + Tenkan N4 + Tenkan month), 148.70-90 (cloud H1 + Fibo Kidzhun N4 + levels of older timeframes).

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.