GBP / JPY
The market players slide and were unsuccessful to form the daily and weekly hidden bearish divergences.
The potential of the weekly divergence will be sustained and increased if it was able to close the week with a strong bearish sentiment.
When the target was lowered (at the breakdown of clouds H1 and H4), the shorter time frames will work out, hence, the downside benchmarks are the levels of the upper halves (144.50 - 143.20-46).
The most important resistance remains in the area of 146.50 (day Tenkan + Kijun N4 + cloud N4 + Senkou Span B N1).
EUR / JPY
The pair continues to hover in the area of attraction of the monthly Fibo Kijun (129).
As the H1 decreased, the target of the cloud was tested, forming a reference point for the bears which is the target for the breakdown of the H4 cloud.
All that is below the zone (129), where the bears are possible to consolidate above (129.62), changes the balance of power and creates opportunities for bulls.
Indicators:
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
Cloud: 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.
