The daily review of GBP / JPY as of June 6, 2018. Ichimoku Indicator
June 6, 2018 10:21 pm
GBP / JPY
The day’s cross was left behind. The players on the rise are close to testing the resistance of the weekly timeframe (Senkou Span A + Tenkan + Fibo Kijun). Overcoming the zone 148.08-50 will open the way to the key resistance of this area, concentrated in the area of 150 (the target for the breakdown of the cloud is H4 + day cloud + final lines of the weekly cross + monthly Tenkan). In the current situation, it should be noted that the rise was fairly productive, and in the zone of resistance (148.08-50) combined forces of several strong levels at once. Therefore, in the near future, it is possible to brake and even pullback reduction. The players on the rise can now take a pause to wait for the formation of the day’s golden cross, the support of which supports can be decisive in storming the day’s cloud and eliminating the week-long cross. The support zones are now in a dynamic state, they are formed from the H4 cloud and the day cross levels. Now, the support can be noted at 147.50 – 146.63 – 145.50-90.
Indicator parameters:
All time intervals 9 – 26 – 52
The color of 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.
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.
The material has been provided by InstaForex Company – www.instaforex.com
GBP / JPY
The day’s cross was left behind. The players on the rise are close to testing the resistance of the weekly timeframe (Senkou Span A + Tenkan + Fibo Kijun). Overcoming the zone 148.08-50 will open the way to the key resistance of this area, concentrated in the area of 150 (the target for the breakdown of the cloud is H4 + day cloud + final lines of the weekly cross + monthly Tenkan). In the current situation, it should be noted that the rise was fairly productive, and in the zone of resistance (148.08-50) combined forces of several strong levels at once. Therefore, in the near future, it is possible to brake and even pullback reduction. The players on the rise can now take a pause to wait for the formation of the day’s golden cross, the support of which supports can be decisive in storming the day’s cloud and eliminating the week-long cross. The support zones are now in a dynamic state, they are formed from the H4 cloud and the day cross levels. Now, the support can be noted at 147.50 – 146.63 – 145.50-90.
Indicator parameters:
All time intervals 9 – 26 – 52
The color of 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.
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.
The material has been provided by InstaForex Company – www.instaforex.com
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