EUR / USD

Last week, the pair successfully break the weekly cloud as the first target at 1.1646. As the market tries to reach the target at the moment, there has been a slight inhibition as more players try to continue the uptrend. The closest guideline in this direction is 100% progress towards the weekly target for a breakdown of the cloud at 1.1791. In the case of a development of correction in the support, the day-cross now stands (Tenkan 1.1526 + Kijun 1.1401) and strengthened by a weekly Tencan (1.1397).

The players have the advantage to raise the trend. At the moment they are on the verge of a rebound following a break at the Ichimoku support level on the earlier time frames. The significant target of the pair is to settle above the 1.1660 (Tenkan H4 + cross H1 + cloud H1) and break the maximum level at 1.1683. The most significant support level is the level of 1.1580 (Kijun H4 + Senkou Span B N1) and 1.1527 (day Tenkan + cloud H4).

USD / JPY

In the past few months, players are attempting to break the support level of the monthly cloud at 113,39. Bears have already made several approaches and testing the upper boundary of the monthly cloud but failed because of players interests to support in raising the clouds of the week and day time frames. In this situation, it is important for the players on the rise to break away from the clouds of Ichimoku and secure positions above the day resistance (Kijun 112.55), week (Fibo Kijun 112.68) and monthly (Kijun 112.45) crosses. As for the players on the downtrend, it is significant to break the support zone at 109,92-28 where the monthly Fibo Kijun and Tenkan are combined including the Senkou Span B of the weekly cloud and trend lines.

On the earlier time frames, the development of an upward correction can be observed with the reference points as the current final borders. These lines (111,51-72) were strengthened by the weekly cross (Tenkan 111,60 + Kijun 111,80). When it settles above, the performance of the upward target on the breakdown of the cloud H1 and the rise to the cloud H4 can be considered. Among the support levels for today, these levels 111.24 (daytime Senkou Span B + Fibo Kijun N4) and 111 (Tenkan H4 + Kijun N1 + the lower boundary of the cloud H1) are significant.

Indicator parameters:

All time intervals 9 - 26 - 52

Color of the 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.

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.