GBP / JPY

Yesterday, the players on the rise continued to rise, marked a new high and were able to close the day above the extreme of the previous day. Today, we close the week. To preserve the prospects of bulls, it is desirable to form a minimal upper shadow. In this case, one can expect further ascent to the monthly resistance (Kijun 155.56 + Senkou Span B 156.32). If the bearish sentiment prevails today, the upper shadow of the weekly candle will turn out to be long, and the day will close with the formation of a reversal candle model, then a new downward correction will be waiting for the pair.

It is impossible to securely gain a foothold above the worked-out target for the breakdown of the H4 cloud, so special attention today belongs to the support. The support levels can now be noted at 154.03 (Tenkan N4 + cross N1 + 100% target N4) - 153.65-55 (Fibo Kijun N4 + cloud top N1 + historical level) - 153.23 (Kijun H4 + lower cloud boundary H1). A reduction in support data will change the existing balance of power and will require a new assessment of the situation.

EUR / JPY

Yesterday, the players on the raise managed to close the day above the key resistance of the month-old Senkou Span A (135.74), but they did not quite convincingly. As a result, the confirmation is necessary. An upward guideline now remains the renewal of the maximum extremum (136.56). The nearest support for the younger junks is currently represented by 135.74.

The pair continues to struggle with the monthly level of 135.74. By now, this level has been turned into support, quite important for the younger halves, as it now strengthens the cross of H4 and the cloud of H1. The breakdown will change the existing balance of forces and form a new downside target (the goal for the breakdown of the H1 cloud). The orientations for the decrease in this case will be the cloud of H4 and the levels of the day's cross. If the pair is now able to maintain its location above 135.74 and develop the advantage, the nearest upward guidance is at most 136.56, and further interest will be represented by the current target for the breakdown of the H4 cloud.

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 additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.