GBP / JPY
It was impossible to close the day above the maximum extremum zone (151.37-57), but the implementation of further bullish plans and outlook, updating and consolidation above the highs (151.37 and 152.83) is necessary. The weakness of the bulls on this area can return the pair to the support level. The nearest support today is located at 150.41 (daylight Tenkan), the main area is the 149.24 region (daily Kijun + week Tenkan).
Lower timeframes formed the prerequisites for deepening the downward correction and consolidated below the Tenkan H4 and utilized the H1 cross, however, they do not rush to continue the decline. Among the supports today, it is necessary to mark the 150.75-41 area (cross H4 + cloud H1 + day Tenkan), as well as the 149.24-43 regions (cloud H4 + target H1 + high-time levels). If the current interest in the past maximum extremes zones (151.37-57), strengthened by Tenkan H4 and Kijun H1, it can keep the pair from falling and fixing above the zone will return players to increase the necessary forces in restoring their positions and moods.
EUR / JPY
The pair is approaching the center of the broadening formation (132.98), the levels of the day cross and Tenkan and Kijun have joined forces within this level. The presence of the pair below the resistance of 132.98 provides a small advantage to the players on the slide, whose tasks are relative to the day cloud and the weekly Tenkan (131.94). Fastening above 132.98 will open opportunities for players to reach the previous levels of maximum extremes and restore the uptrend.
The players on the rise, supported by Ichimoku on H4 and H1, continue to move higher. The main target for the lower timeframe is the breakdown of H1 cloud (132.96 - 133.13) and the H4 cloud resistance. As a result, overcoming the main resistance of the higher halves (132.98) coincides with breaking the key resistances of the lower time intervals. Fixing above that level will open new perspectives for players to rise (the goal is to break the H4 cloud). Among the supports today can be mentioned 132.60 (Tenkan N4 + Kijun N1) - 132.20 (Kijun N4 + cloud H1) - 131.94 (the high-time levels + the final boundaries of the cross of H4 and H1 clouds).
Indicator parameters:
all time intervals 9 - 26 - 52
Color of indicator lines:
Tenkan (short-term trend) - red,
Kijun (medium-term trend) - green,
Fibo Kijun is a green dotted line,
Chinkou is gray,
clouds: Senkou Span B (SSB, long-term trend) - blue,
Senkou Span A (SSA) - pink.
Color of additional lines:
support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,
horizontal levels (not Ichimoku) - brown,
trend lines - purple.
* The presented market analysis is informative and does not constitute a guide to the transaction.
