29.05.201810:34 Forex Analysis & Reviews: The daily review of GBP / USD as of 05/29/18. Ichimoku Indicator

GBP / USD

The development of previous targets has contributed to the inhibition and consolidation, but has not been able to provoke the development of an upward correction. The players on the decline continued to decline and retained their advantages. At the moment, we see an approach to the current downward benchmarks 1.3144-1.3200 (monthly Fibo Kijun + week-old Senkou Span A). The breakdown of the supports and fastening in the weekly cloud will open up new prospects for the players to fall. However, the interaction with support in the current situation can once again lead to inhibition and consolidation, and with the most favorable development for bulls, develop into a corrective recovery. The first upward direction, capable of influencing the further development of events, is the daily short-term trend, now it is located at 1.3396.

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.