GBP/JPY

Today, we close the month. The month of July could not continue the trend of the previous month and was spent on the formation of hidden bearish divergences for Chinkou (week + day), can be considered worked out with the daily divergence . By the closing of the monthly candle, neither bulls nor bears have yet been able to identify a clear advantage and prospects. If the day cross support is overcome and the bears from a dead cross, then one can expect the development of a weekly bearish divergence for Chinkou. Its nearest guide is the golden cross of the weeks (Tenkan 143.20 + Kijun 141.83). If players on the promotion can keep their location, then after the release of the weekly cloud (Senkou Span B 147.71), we can expect the recovery of bullish positions and a new testing of the highs (148.08 + 148.43).

On the lower time frames, the support of the Ichimoku indicator belongs to the players for a fall. For them, a downward target is formed for the breakdown of the H1 cloud. The execution of the target will lead to a pair of support for the daily Kijun (144.65). Further, the players' task for the downgrade will be to overcome and consolidate below the minimum extremum of 144.00.

For players to rise today, the most important are 145.26-35 (Tenkan H4 + Kijun H1 + day Tenkan) and 145.80 (Senkou Span B N4 + Senkou Span B N1). The fastening above 145.80 will cancel the downside target of H1. Change the balance of forces at lower dimes and form new upward guidance points.

EUR / JPY

The situation has not undergone any significant changes. The pair continues to remain in the zone of attraction of the monthly Fibo Kijun (129) and the day Tenkan (129.58), using these levels as support. Recovery of the uptrend (130.76) will allow us to return to plans for working out a weekly target for the breakdown of the cloud (132.09-134.59). The fastening below 129 will open the way for reducing to other supports of the daily cross (today it is 128.35 - 127.60 - 126.86) and the weekly Tenkan (126.57).

The support levels of 129.58 (cloud H4 + day Tenkan) and 129 (monthly Fibo Kijun) continue to play a key role in the distribution of forces. While the pair is higher, the players on the rise retain the chances of being winners in this confrontation. Among the resistance today, we can note 130.00 (Tenkan N4 + Senkou Span B N1) - 130.59 (maximum) - 130.76 (maximum). Descent under 129,58-40 will return the support of the Ichimoku indicator of lower dimes to the side of the players for a fall. After that, the main task will be to overcome 129 and decrease to other supports of the Ichimoku day cross.

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.