empty
 
 
25.07.2017 10:02 AM
Daily review of the currency pairs GBP / JPY and EUR / JPY for July 25, 2017. Ichimoku Indicator

GBP/JPY

This image is no longer relevant

The inhibition was outlined a little earlier and the bears were able to reach the support of the daily Kijun (143.79). His influence on the development of the situation can now be exerted by the daytime Fibo Kijun (144.72) and the resistance of the day Tenkan (145.79). In general, the situation has not undergone significant changes to date. The levels of the weekly cross Ichimoku (Tenkan 143.20 + Kijun 141.83) continue to be the thresholds for continuing the decline, after overcoming the day's golden cross.

This image is no longer relevant

The junior timeframes were slightly rearranged to support the players to raise (144,50-40 Tenkan N4 + cross H1). If players on the upgrade can now stay in the correction zone and retain their advantage, the main task for them today is to overcome the resistance at 145.15 (Kijun N4 + Senkou Span B N1). Strengthening above 145.15 will affect the balance of power and will form the prospects for new upward goals, the goal for the breakdown of the H1 cloud, the execution of which will lead to a pair of resistance to the daily Tenkan (145.79) and the H4 cloud.

EUR / JPY

This image is no longer relevant

Euro/yen still can not get rid of the zone of attraction 129.00-49 (day Tenkan + month Fibo Kijun), which allows the movement to retain some uncertainty. Overcoming the support will create opportunities for continuing the decline, benchmarks at the same time remain the levels of the daytime cross (128.04 - 127.20 - 126.40), strengthened by the weekly Tenkan (126.56).

This image is no longer relevant

The main attraction is still the zone of 129.00-49 (high-time levels + cloud H4 + crosses of lower halves). Being in the zone creates uncertainty. The reinforcement above increases the chances of the players to increase, the anchoring below returns the opportunities to the opponents. As a result, extremism is the closest reference point. For the bulls, update the highs of 130.49 and 130.76 and for the bears, overcoming the lows of 128.57 and 128.48.

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 - green dotted line,

Chinkou - gray, clouds:

Senkou Span B (SSB, long-term Trend) - blue,

Senkou Span A (SSA) - pink.

The color of the 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
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback