25.05.201805:40 Forex Analysis & Reviews: Daily review of GBP / JPY pair as of May 24, 1818. Ichimoku Indicator

GBP / JPY pair

Yesterday was an example of good activity and the effectiveness of players on the decline. The lower boundary of the weekly cloud (Senkou Span B 144.48) is strengthened by the monthly medium-term trend (144.34) that continues to be a downward guideline. At the moment, we can see the pair in the breakout in the correction zone. In the case of the development of an upward correction movement, the players on the rise can perform retest of the levels reached the day before. Thus, the nearest zones of resistance can now be noted in the places of accumulation in high-tier levels - 147.66-95 (week-old Senkou Span A + day Tenkan) and 148.95 - 149.40 (monthly Tenkan + weekly Fibo Kijun + daytime Kijun + daytime Senkou Span B). In addition, it is worth considering that the lower timeframes for today are in solidarity with the conclusions of the higher timeframes. Yesterday, the bears performed a downward target for the breakdown of the H4 cloud which is now in the zone of its attraction where a corrective inhibition develops. The goals of the junior time intervals have been worked out, so the following benchmarks will be the support levels of the senior times (144,48-34). Today, the main resistance is the zone 147.66-95 after the elimination of the cross Ichimoku on H1 (147.09). This unites several levels of senior timeframes and also allows liquidation of the dead cross on H4 and overcome the H1 cloud.

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.