GBP / JPY

The GBP / JPY pair continues to carry out the hidden bearish divergences. On the daytime, it has managed to reach the support of Fibo Kijun which is at 144.72 today. The closure of the weekly candle with a bearish sentiment will most likely allow the weekly Chinkou divergence to occur and direct the players downward to support the weekly cross Ichimoku (Tenkan 143.30 + Kijun 141.83). The role of the nearest resistance still belongs to the daily short-term trend at 146.21.

When the downward target in the lower half has been achieved, the benchmarks for the decline are the older time frames (144.72 - 143.80 - 143.30 - 141.83).

EUR / JPY

Yesterday, the players took the initiative to raise the Fibo Kijun 129 + day Tenkan 129.62).

When it rises beyond the zone of attraction, more players will take advantage. Currently, the 129.62 (daytime Tenkan + cross N4 + Kijun N1) serves as a significant support level which maintains a balance of power on the side of the bulls. The target of players is to increase towards 130.76 to recover the trend. These will provide benefits eventually. It will return to the attraction zone of 129.00-62 and consolidate below 129 which will attract bears to return to bring down the price and initiate correction for the day and in the weekly timeframe.

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.