Forex Analysis & Reviews: 12.01.2018 - The daily review of GBP /...

12.01.2018 02:16 PM

The daily review of GBP / JPY and EUR / JPY on 12.01.18. Ichimoku Indicator

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GBP / JPY pair

Achieving the support levels, led by a week-long Tenkan (150.30), were able to slow down the development of events. The players took a break. As the week closes today, the bears better should not still be relaxed and form a minimal lower shadow on the weekly candle. Restoration and closing above the resistance of the day's cross (Fibo Kijun 151.01 + Kijun 151.52 + Tenkan 151.91) can affect the future prospects and the rate of decline.

Yesterday, the pair reached out to support the weekly short-term trend (150.30) and 100% worked out the goal for the breakdown of the H4 cloud. The attractive level is now at 150.57, where Tenkan H4 and Kijun N1 have joined forces. Today, the main resistance (151.01 - 52 - 91) retain their position, which still consists of the levels of the day cross and key elements of the lower halves (cross H4 and cloud H1).

EUR / JPY pair

The strength of the supported supports allowed the players to recover positions. The closing of the current week above the levels of the daily cross (Kijun 134.31 + Tenkan 134.80) can provoke a continued recovery or delay the development of events through consolidation. Today, it is better for the players to fall to go down at 133.85 - 77 (week Tenkan + daytime Fibo Kijun) to benefit from the distribution of forces and for further prospects.

The upward correction allowed the pair to go beyond the H1 cloud, as a result of the upward landmarks it is possible to add a target to the breakdown of the H1 cloud. Execution of this goal and closure in its area today can significantly affect the plans and opportunities for the bears. Returning to the bearish zone relative to the H1 cloud, as well as the return of support for the short-term trend of H4 (133.68), will retain advantages on the side of the bears.

Indicator parameters:

all time intervals 9 - 26 - 52

Color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chikou 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,