Forex Analysis & Reviews: 10.01.2018 - The daily review of GBP /...

10.01.2018 11:01 AM

The daily review of GBP / JPY and EUR / JPY on 10.01.18. Ichimoku Indicator

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GBP/JPY

The players on the slide continue the offensive. The main levels of the Ichimoku day cross (Tenkan 152.38 + Kijun 151.52) are behind, now they can act as resistance. Ahead of the final day's milestone is Fibo Kijun 61.8 (151.01) and support for the weekly cross (Tenkan 150.30 + Fibo Kijun 148.16 + Kijun 146.47).

At the lower time frames, the support of the Ichimoku indicator is entirely owned by the players for a fall. The cloud H4 is passed, the goal for the breakdown is formed. The execution of target N4 will lead to a pair of support for the weekly short-term trend (150.30). On the way to the goal, it is necessary to note the intermediate support of 151.01 (daytime Fibo Kijun). The resistance, in case of recovery, in the current situation will be the levels passed the previous day 151.52 - 151.91 - 152.38.

EUR / JPY

The initiative continues to belong to the players on the slide, which reached the weekly Tenkan (133.86). In the zone of influence of this level is also the daytime Fibo Kijun (133.77), so now braking is possible. The breakdown level will open the way to weekly Kidzhunu (132.06).

The target for the H1 cloud breakdown and support of 134.59 were left behind. After the breakdown, the pair retested these levels and continued the decline. To date, the support for the Ichimoku indicator is entirely owned by players for a fall. Now, the support zone of the upper half is reached at 133.77-86. Braking and the formation of an upward correction are possible. Among the nearest resistance today we can note 134.01 (Tenkan H1) - 134.30 (day Kijun + Kijun N1) - 134.59 (historical level + cloud of H4).

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,