empty
 
 
09.01.2018 10:37 AM
Daily review of GBP / JPY and EUR / JPY as of 09.01.18. Ichimoku Indicator

GBP / JPY

This image is no longer relevant

After the formation of yesterday's Doge on the summit (the last maximum extremum of 153.38), players on the slide took the initiative and now increase the depth of correction. The nearest support is located on the day cross Ichimoku (Tenkan 152.49 + Kijun 151.52), after a day correction, interest will be represented by correction of the week, the nearest level of Tenkan (150.30).

This image is no longer relevant

The resistance of the completed goal to the breakdown of the H4 cloud and the maximum extremum combined their efforts and could provoke a downward correction. To date, the players on the downgrade have reached an important support zone on lower dimes, the mid-term trend of H4 (152.69) and the cloud of H1. Overcoming the support data will add benefits to the players on the downgrade and form a target for them for the breakdown of the H1 cloud. The next nearest support now can be noted at 152.49 (Fibo Kijun N4 + daytime Tenkan) and 151.91 (cloud H4 + historical level). The resistance zone today is 153.18-38 (cloud H1 + cross H1 + Tenkan H4 + target H4 + extremum).

EUR / JPY

This image is no longer relevant

The shooting star, formed on Friday, was a harbinger of active corrective decline. The daytime Tenkan (135.38), together with the monthly Senkou Span A (135.74) was left behind, and now these levels can serve as resistance. The daily Kijun (134.30) and the week-old Tenkan (133.86) are of interest to reduce in the current situation, on the way to them one should note the level of 100% of the weekly target (134.59), which on the eve of long enough to keep players on the rise.

This image is no longer relevant

The players on the downgrade fulfilled the target for the breakdown of the H1 cloud, while they descended into the cloud of H4. The support of the cloud and the fulfillment of the goal, reinforced by the historic 134.59, can now delay the development of the situation. Overcoming the goal of H1 and the breakdown of the H4 cloud will form the next descending point of the younger timeframes - the target for the breakdown of the H4 cloud. To resistance, combining the levels of senior and junior times (135.38 - 135.74), now you can add a level of 135.07 (Tenkan H1 + Senkou Span A N4).

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
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback