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20.02.2018 10:46 AM
The daily review of the currency pairs GBP / JPY and EUR / JPY for February 20, 2018. Ichimoku Indicator

GBP/JPY

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The range of movement over the past day was insignificant, as a result of the conclusions and expectations voiced yesterday practically did not lose their relevance. The consolidation continues, the possibility of developing a daily upward correction remains. The resistance can now be noted at 150.30 (weekly Fibo Kijun + daytime Senkou Span B) - 151 (monthly Kijun + day Tenkan) - 152.26 (weekly Tenkan + daytime Kijun). The role of support still belongs to the week-long Kijun (147.95) and the monthly Tenkan (147.62).

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The events continue to develop within the center of attraction (149.05 - 149.50), formed by the cross of H4 and the cloud of H1. The victory of the players on the rise will allow to rise to the following resistances (the area of the cloud H4, reinforced by the levels of the senior halves 150.30 - 151 - 152.26). If the players on the downgrade can today leave the consolidation zone first, then we are waiting for a new test of the support zone at 147.90-60.

EUR / JPY

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The weekly Fibo Kijun that act in the role of support last week, with the opening of the new week is the resistance (132.47). It is holding the players to the raise, not allowing them to restore their positions. In the case of recovery, other resistance levels can still be noted at 133,50-80 (weekly Kijun + daytime Senkou Span B) and 134.55 (daily Kijun + week-old Tenkan). The bear landmarks today also did not change their values. The target for the breakdown of the daytime cloud (130.76-01), strengthened by the monthly Tenkan (129.95).

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The struggle continues. The exit to the north beyond the dead cross Ichimoku H4 and the cloud H1, now amplified by the weekly Fibo Kijun (132.47), can affect the balance of power and create new prospects for recovery. To increase bullish sentiment, the value of the cloud resistance H4 (133.20 - 134.55) will be the next value. The area of the cloud is now located in the zone of the most important levels of resistance of the upper halves (133.50 - 134.55), so the passage of this zone can significantly affect the distribution of forces. The preservation of the existing insignificant advantages over the bears will allow them to update the minimum (131.58) and continue the decline to the benchmarks of the more senior times.

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.

Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2024
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