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16.01.2018 11:48 AM
Daily review of GBP / JPY and EUR / JPY as of 16.01.18. Ichimoku Indicator

GBP / JPY

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Yesterday, the players were used as a support for the day's Tenkan (151,91). Today, the conclusions and expectations, voiced earlier, have not lost their relevance. Now, the bulls are desirable to gain a foothold above the support of the day's cross and continue the climb to have time to realize the potential of the Friday candle. The uncertainty in the formation of candles, as well as descent under support (Tenkan 151.91 + Kijun 151.52 + Fibo Kijun 151.01), can say that players on the increase have exhausted their capabilities and are ready to cede to rivals. The main task of players on a slide in this case will be to overcome the daytime cloud, strengthened by a week-long Tenkan (150.30).

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At the moment, the pair is busy passing the target at the breakdown of the cloud H1 and the resistance of the cloud H4. Failure, descent to support, and even more so the consolidation under them (151.91-52-01), will change the balance of power and return bearish sentiments. The reliable fastening above the supports (above 151.91), the breakdown of the cloud H4 and going beyond the target of the H1 will allow players to raise not only keep the prospects of continuing the recovery but also form a new upward reference point. The goal for the breakdown of the H4 cloud.

EUR / JPY

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The next testing of the upper boundary of the monthly cloud (135.74) does not inspire optimism. Yesterday, the players on the rise could not close higher, the formation today of a bearish candle or a candle of uncertainty will cast doubt on the continuation of the upswing. The supports retain their position - daytime Tenkan (134,80), Kijun (134,31), Fibo Kijun (133,77) and weekly Tenkan (133,85).

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The pair went into a bullish zone with respect to the H4 cloud. In this situation, the main advantage, despite the breakdown of the cross H1, on the side of the players to increase. If players are now able to gain a foothold outside the clouds of lower jumps, reinforced with a day Tenkan (134,80), then we can expect that the interaction with the upper boundary of the monthly cloud (135.74) will continue. If the pair starts to descend under the support (134,80 - 134,31 - 133,77-85), then the players on the increase will lose their advantages, and the mood of the bears, on the contrary, will increase.

Parameters of the indicator:

All time intervals 9 - 26 - 52

The color of the indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun - green dotted line,

Chinkou - 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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