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11.08.2017 11:03 AM
Daily review of GBP / JPY and EUR / JPY for August 11, 2017. Ichimoku Indicator

GBP/JPY

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The pair continued its decline and descended into the area of the attraction of support 141.83 - 142.00 (weekly Kijun + monthly Tenkan). In addition, the pound / yen is now testing the trend line, which last time served as the basis for the resumption of the upward movement. As a result, braking is now possible, and also players on the upgrade can make a new attempt to restore their positions. The breakdown of the levels encountered opens the way to the support of the weekly Fibo Kijun (140.36) and Senkou Span A (139.53), consolidating below will allow us to consider new prospects for players to fall.

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Now the advantages on the side of players on the downside, they continue to develop a downtrend. The goals of junior halves have long been worked out, the benchmarks for decreasing are the levels of older time intervals (140.36 - 139.53). At the moment, the pair is performing a retest of the support levels of 141,83-142,00 that were passed on H4 and N1. The attraction and resistance of this zone is quite strong. Among other resistances of the day, 142.35 (Tenkan N4 + final crossings of the H1 cross) should be noted, but the key zone of resistance today is located above 143.00-20-37 (cloud H1 + final crossings of the cross N4 + high-time levels), so it is hardly relevant.

EUR / JPY

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Bears retain their advantages. The pair continues to decline, updating the daily lows. Supports are monthly Fibo Kijun (127.75) and weekly Tenkan (126,90). Day Cross Ichimoku (129.78) is now in the role of resistance.

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The bears have overcome the support of the target at the breakdown of the H4 cloud and continue to decline. Since the goals of junior halves have been worked out, it is necessary to orientate with decreasing now at the high-time levels. The closest support from Ichimoku is the monthly Fibo Kijun (127.75). Among the resistance today, the greatest value is 128.80 (Tenkan H4 + cloud H1). A reliable overcoming of the level can change the balance of the forces of the lower half.

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 - 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
© 2007-2026
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