GBP/JPY
A hidden bearish divergence was realized not only on the daily time frame but also on the weekly. The most important benchmarks for the decline are the levels of the golden week-long Ichimoku cross (Tenkan 143.20 + Kijun 141.83). Daytime Kijun (143.79), which is the zone of influence for the players, have now descended to a lower position and can now act as an interim support. Resistance, in case of restoration by players to increase their positions, will be the daytime Fibo Kijun (144.72) and daylight Tenkan (145.79).
At the moment, we are witnessing a bearish trend. Support for the Ichimoku indicator on the junior time frames is completely owned by the players for a fall. Landmarks for continuing the decline are now located at the higher ticks (143.79 - 143.20 - 141.83). Among the resistances that is able to affect the situation today, it should be noted 144.72 (Tenkan N4 + Kijun N1 + daily level) - 145.27 (Fibo Kijun N4 + N1 cloud) - 145.80 (final borders of cross N4 + day Tenkan). Fastening above the level of 144.72 will create conditions for a full correction at lower dimes, overcoming 145.27 will form the first upward target at lower time intervals.
EUR/JPY
Players on the rise on Friday could not develop or at least maintain an advantage. The pair again descended into the zone of attraction and influence of the day Tenkan (129,57) and the monthly Fibo Kijun (129). Having deprived the bulls of support for the daily short-term trend (129.57), the bears recovered their chances of winning in this confrontation. If we are able to gain a foothold below supports (129), we can expect a new phase of decline, which will be guided by the levels of the daily cross 128.04 (Fibo Kijun) - 127.20 (Kijun) - 126.40 (Fibo Kijun 62 + week Tenkan).
The younger timeframes respond faster to the situation. To date, they are again tuned to support the players on the downside, having formed downward goals. The main task of the bears is now to release from the zone of attraction 129.00-57, then it is important to overcome the goal of H1 and the minimum extremum (128.48), after that we can expect the target to be worked out at H4 and the reduction to the area of the first daily support (128.04).
Indicator parameters:
All time intervals 9 - 26 - 52
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.
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.
