GBP / JPY
Toward the end of the week, the players on the rise again were as active as possible. As a result, the couple managed to fulfill their daily goals that include a breakout in the Chikou price chart and breakdown of the cloud. The targets increased from the resistance of the monthly Fibo Kijun (151.71). At the moment, a breakout is possible in the area of daytime goals within the range of 150 - 152. Surpassing these levels will open new prospects for players to rise to reach the monthly cloud (156.32) and Kijun (160.05). The execution of the weekly target at the breakdown of the cloud.
The Ichimoku indicator is completely on the players' side for promotion. The resistance levels encountered can affect the balance of power and serve as the beginning of a corrective decline. Among the nearest supports for today, it is necessary to note the area at 149-150 (Kijun N1 + Tenkan N4). Securing below the levels will shift the advantages of the lower half times to the side of the bears and opens the possibility for a correction in the targets at higher levels.
EUR / JPY
The pair closed the week above the previous highs which cause the resume of the uptrend. Traders target to move in an uptrend and achieve the goal of a breakdown on the weekly cloud (100% - 134.59). The role of major support levels is bound to the levels of the day cross (Tenkan 131.22 + Kijun 130.31) which was strengthened by a weekly Tenkan (130.31).
At the moment, players on the rise gains support as shown in the main elements of the Ichimoku indicator. The most important zone among the support level is found at 132 - 131.85 (cross N4 + cloud N1 + Fibo Kijun N1 + first target of the weekly target). A breakout on these levels would affect the distribution of strength. The area of 131.22 and 130.31 should be noted when it fixes below.
Indicator parameters:
all time intervals 9 - 26 - 52
The colors of indicator lines:
Tenkan (short-term trend) - red,
Kijun (medium-term trend) - green,
Fibo Kijun is a green dotted line,
Chikou is gray,
clouds: Senkou Span B (SSB, long-term trend) - blue,
Senkou Span A (SSA) - pink.
The colors of additional lines:
support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,
horizontal levels (not Ichimoku) - brown,
trend lines - purple.
