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FX.co ★ Daily review of GBP / JPY and EUR / JPY as of August 28, 2017. Ichimoku Indicator

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Forex Analysis:::2017-08-29T04:28:47

Daily review of GBP / JPY and EUR / JPY as of August 28, 2017. Ichimoku Indicator

GBP/JPY

Daily review of GBP / JPY and EUR / JPY as of August 28, 2017. Ichimoku Indicator

An upward correction was performed up to the resistance of the day's Tenkan (141.18). Since a strong enough support zone was previously met (day target 138.96-139.84 + the lower limit of the weekly cloud + the minimum extremum), it can be expected that the pair will continue to rise ascending corrective and players will be able to regain their daily short-term advantage. The next strengthened zone of resistance is now located just above - 141.83 - 142 - 142.15 (weekly Kijun + month Tenkan + daytime Fibo Kijun).

Daily review of GBP / JPY and EUR / JPY as of August 28, 2017. Ichimoku Indicator

The daytime Tenkan (141,18) strengthens the resistance of the cloud H4 at the moment. The breakdown of the cloud and the overcoming of the important zone of resistance (141.83 - 142.00-15) opens up new horizons for players to rise. Among the supports today, it is necessary to note 140.36 (cloud H1 + Kijun N4 + weekly Fibo Kijun) and 139.84 (the level of the senior times + historical support of the junior time frames). The fastening below is undesirable for the players on the increase, as it will form a rebound from the daily Tenkan and will create opportunities for the recovery of the downward trend.

EUR / JPY

Daily review of GBP / JPY and EUR / JPY as of August 28, 2017. Ichimoku Indicator

Thanks to their activity on Friday, the players on the raise formed a retreat from the week-long Tenkan, thereby creating the prerequisites for the recovery of the uptrend and the continuation of the movement towards the goal targets for the breakdown of the weekly cloud (132.09-134.59). The support for the weekly short-term trend (129.47) today joined forces with the daily cross (Tenkan 129.13 + Kijun 129.47), together these levels formed the most important milestone, the consolidation below which is undesirable for players to raise.

Daily review of GBP / JPY and EUR / JPY as of August 28, 2017. Ichimoku Indicator

The passage of the cloud H4 allowed to form a target for breakdown (130,82-49), which has now been worked out on the first target. Overcoming the goal will allow to consider lifting and testing the maximum extremum (131,39). The levels of support for minor junctions today have combined their efforts with support for the senior half. As a result, we can note a rather wide zone - 129.92 (Tenkan N4 + Kijun N1 + daytime Fibo Kijun) - 129.48 (Kijun N4 + daily Kijun + week Tenkan) - 129.13 (cloud H1 + cloud H4 + day Tenkan). Players to increase, in order to maintain prospects and advantages, you need to limit your current support and do not descend below.

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 the additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

Analyst InstaForex
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