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19.09.2017 10:22 AM
Daily review of GBP / JPY and EUR / JPY as of September 19, 2017. Ichimoku Indicator

GBP/JPY

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The pair continues to remain in the zone of influence of the monthly resistance (Fibo Kijun 151.71) and daily targets, the level of 100% of the daily target for the breakdown of the cloud remains unchanged (152.05). The accumulation of levels in this situation has an attraction, so the braking of a pair in a given area and the formation of conditions for the corrective decline are quite expected.

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Despite the braking, the indicator of Ichimoku on minor dimes retains the main support for the players to raise. The upward direction, as well as the resistance, are now the levels of the senior times 151.71 - 152.05. Among the nearest significant supports, today can be noted at 150.70 (Tenkan N4 + cross N1 + cloud N1) and 148.43 (Kijun N4 + Senkou Span B N1).

EUR / JPY

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Players on the rise continue to increase. The nearest guideline at the moment is the level of 100% of the target's performance for the breakdown of the weekly cloud (134.59). Supporting the senior half-time (daytime Tenkan 131.83 + week-old Tenkan 130.87) remained deep down and not so relevant.

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The indicator of Ichimoku with all elements keeps the support of players on the rise. The uptrend is now in its active phase. A higher benchmark now serves as the level of the more senior halves of 134.59. The H4 and H1 support today is concentrated in the areas 133,30-40 (Tenkan H4 + Kijun H1) and 132,80 (Fibo Kijun + upper boundary of the H1 cloud), but the zone 132,09-131,83 (Senkou Span B N1 + final crosses of the cross N4 + levels of the senior half).

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
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