GBP/JPY for August 21, 2013. Ichimoku – technical analysis and time frames’ interrelation
August 21, 2013 2:15 pm
Higher time frames
The higher time frames gained the daily cloud of 151.87. It is unlikely the candles’ chart to be considered as a well-executed pattern “Break-Rebound SSB.” Nevertheless, after the maximum updating (now 153.55) it is expected that upward movement is going to continue.
SSB support of 151.87, daily Tenkan of 151.18
Lower time frames
It was faced the resistance of H1 cloud of 152.88. After hitting the cloud, it will appear the goal for breaking trend of higher time frames that will dramatically increase the chances for the fulfillment. This target landmark can make the pair update the latest maximum and goals for the breakdown of Chinkou daily price chart.
To date, the H4 and H1 rests – 152.49 act as support of lower time frames.
Symbols:
Ichimoku indicator parameters – Hosoda standard 9.26.52.
Short-term trend line – Tenkan – the red one
Medium-term trend line – Kijun – the green one
Long-term trend line – Senkou Span B (SSB) – the blue one
Senkou Span A (SSA) – the pink one, Chinkou – the grey one
Fibo Kijun lines – the green doted ones.
The material has been provided by InstaForex Company – www.instaforex.com
Higher time frames
The higher time frames gained the daily cloud of 151.87. It is unlikely the candles’ chart to be considered as a well-executed pattern “Break-Rebound SSB.” Nevertheless, after the maximum updating (now 153.55) it is expected that upward movement is going to continue.
SSB support of 151.87, daily Tenkan of 151.18
Lower time frames
It was faced the resistance of H1 cloud of 152.88. After hitting the cloud, it will appear the goal for breaking trend of higher time frames that will dramatically increase the chances for the fulfillment. This target landmark can make the pair update the latest maximum and goals for the breakdown of Chinkou daily price chart.
To date, the H4 and H1 rests – 152.49 act as support of lower time frames.
Symbols:
Ichimoku indicator parameters – Hosoda standard 9.26.52.
Short-term trend line – Tenkan – the red one
Medium-term trend line – Kijun – the green one
Long-term trend line – Senkou Span B (SSB) – the blue one
Senkou Span A (SSA) – the pink one, Chinkou – the grey one
Fibo Kijun lines – the green doted ones.
The material has been provided by InstaForex Company – www.instaforex.com
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