GBP / JPY

Bears continue to update daily lows but there is no active decline which increases the chances for a breakout and the formation of a new level and a full-fledged corrective uptrend. Today, the resistance zone retains its location and significance (daytime Tenkan 145.49 + Kijun 145.87 + Fibo Kijun 146.32 + week Senkou Span B 145.43). Support levels also stayed in their places today (weekly Tenkan 143.20 + day cloud 143.37 and weekly Kijun 141.83 + monthly Tenkan 142.00).

Going beyond the target breakdown of the cloud H4, players on the slide will be able to test the last minimum barrier (144.00). Today, the nearest important resistance level, which can affect the balance of power and cause the formation of a full-fledged upward correction is 144.43 (Tenkan H4 + Kijun N1).

EUR / JPY

The pair continues to hold on to the day's Tenkan (130.46). Long-term activity weakens the possibility of a short-term trend to provoke a recovery for a possibility to resume the uptrend at 313.39. A break to the support level (daytime Tenkan 130.46) will lead to a pair of daily Kijun (129.70) and a breakdown of the day's cross will open the possibility for the development of a weekly correction.

Players on the rise will retain their position above the H4 cloud and support the daily short-term trend (130.46). A successful breakout to the resistance of the cross H4 (130.74-90) and exit to a bullish zone is relative to the H1 cloud and will open the way to new upward positions (the goal for the breakdown of the H1 cloud + maximum level of 131.39). Settling below 130.46 and the breakdown of the cloud H4 (Senkou Span B 130.13) will affect the balance of power and form a downside target, allowing the consideration of a decline supporting the upper half (the nearest is 129.70).

Indicator parameters:

All time intervals 9 - 26 - 52

The color of the 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.

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.