GBP / JPY
Bears were able to maintain the situation under the resistance while preserving certain advantages. However, the recent events further indicate for consolidation with a slight decrease than the full-fledged downward movement. Rivals continuously attempt to change the balance of power. The zone outside the resistance range of 149.40 (week-old Tenkan + upper day cloud + monthly Fibo Kijun) and the liquidation of the daytime cross (Kijun 149.76 + Fibo Kijun 150.26) can significantly affect the development of the situation. As for players on the fall, the benchmarks for the decline remained in place and the nearest support was the weekly Fibo Kijun (147.41), then Senkou Span B of the daytime cloud (146.06) and the weekly Kijun (145.74).
The major concern at this moment is the resumption of the resistance to take the H4 cloud, strengthened by the day Tenkan (148.58). Securing a position above this zone can change the balance of lower timeframes and return the pair towards the testing of resistance of the higher time intervals (149.40-76 - 150.26). This week, the benchmarks for the decline have maintained their position currently at 147.41 - 146.06 - 145.74.
EUR / JPY
Rising players remains hoping for some favorable changes in the situation. As a result, they managed to optimally close the week and returned to resistance in the final levels of the day's cross (Kijun 132.83 + Fibo Kijun 133.23). The major tasks for the rising players are currently the liquidation of the day's cross and a secured position above the day's cloud (Senkou Span A 132.66), strengthened with a week-long Tenkan (132.83).
The Cloud H4 closed the day before the resistance levels of higher timeframes turned into support (132.83 - 132.51 - 132.10). To maintain the advantages of increasing players in the current situation, it is necessary to gain a foothold in the upper limit. In case the rise may continue, the upward support will serve as a target for the breakdown of H4 cloud and previous maximum extremes.
Indicator parameters:
all time intervals 9 - 26 - 52
The 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.
The 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.
