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24.08.2017 04:36 AM
The daily review of the GBP / JPY and EUR / JPY on August 23, 2017. Ichimoku Indicator

GBP/JPY

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The players slowed down, having executed the target for the breakdown of the daytime cloud (139.84) on the first target and met the support of the weekly Fibo Kijun. Prolonged inhibition can lead to a corrective recovery, the nearest reference points for which are the daytime Tenkan (today it is 141.46) and the combination of weekly Kijun and monthly Tenkan (142-141.83). Overcoming the supported supports and restoring the downtrend opens the way to 100% fulfillment of the daily target (138.96), and will also allow testing the support of the week-old Senkou Span A (138.76) and the last minimal extremum (138.65).

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The Ichimoku indicator at the lower time intervals, despite the inhibition and attempts to form upward corrections, retains its support for the players downgrade. The breakdown of the supports will restore the downtrend and allow to continue the decline to the benchmarks of the senior half-times (138.96-76-65). The center of attraction for the past several days is the area of 140.36 (weekly Fibo Kijun + Tenkan H4 + cloud H1 + cross H1). Among the resistance of the lower halves today can be noted 140.88 (Kijun N4 + historical level of H1), followed by a fairly broad zone combining the resistance of the older halves (141.46-83 - 142) and the cloud of H4.

EUR / JPY

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Having tested the support voiced earlier (daytime Senkou Span A 127.97 + month Fibo Kijun 127.73 + week Tenkan 127.52), the pair could not overcome them and performed a corrective rise to the day's Tenkan (128.97). The day-long dead cross now serves as a restriction for corrective lifting (Tenkan 128.97 + Kijun 129.47 + Fibo Kijun 129.92), consolidating above can affect the balance of power and change the current situation.

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Players on the rise, performing a corrective lift, were able to change the balance of the forces of lower jumps, but now the situation rested on the resistance of the older dimes (128.97 - 129.47-92). Fastening above can change the preferences of the daily time frame and will require a new assessment of the situation. The most important support zone today is the area of 128.50-30 (Kijun N4 + Fibo Kijun N4 + Senkou Span B N1). The breakdown of the zone will return the support of the Ichimoku indicator at lower jumps to the players for a fall and will allow them to start testing the levels of 127.97-73-52 again.

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.

Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Summary
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Zhizhko Nadezhda
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