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FX.co ★ Daily review of GBP / JPY and EUR / JPY as of 17.01.18. Ichimoku Indicator

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Forex Analysis:::2018-01-17T10:58:14

Daily review of GBP / JPY and EUR / JPY as of 17.01.18. Ichimoku Indicator

GBP / JPY

Daily review of GBP / JPY and EUR / JPY as of 17.01.18. Ichimoku Indicator

The pair continues to use the levels of the day's cross as support. The last day candles express uncertainty. The players on the rise are clearly in meditation. The previous activity is not observed, but keeping the location above the daily cross (Tenkan 151.91 + Kijun 151.52), they retain short-term advantages.

Daily review of GBP / JPY and EUR / JPY as of 17.01.18. Ichimoku Indicator

The target levels at the breakdown of the H1 cloud continue to resist and limit the ability of players to increase, for which it is still important to maintain their location in the bull zone relative to the cloudiness of the lower time frames. Overcoming the resistance of the target to the breakdown of the H1 cloud will allow us to consider new prospects. Today, the support retain their location - 151.91 - 151.52 - 151.01 - 150.30.

EUR / JPY

Daily review of GBP / JPY and EUR / JPY as of 17.01.18. Ichimoku Indicator

The pair still remains above the support for the daily cross (Tenkan 134.80 + Kijun 134.31) and is not yet able to overcome the resistance of the upper boundary of the monthly cloud (135.74). As a result, the situation in its conclusions and expectations remains unchanged.

Daily review of GBP / JPY and EUR / JPY as of 17.01.18. Ichimoku Indicator

Today, the supports (134,80 - 134,31 - 133,77-85) retain their location and significance. Fixing below these levels can significantly affect the existing balance of power, but while the pair remains in the bull zone against the cloudiness of the lower halves and above the designated supports, players on the rise retain their advantages. Overcoming 135.74 will allow us to talk about testing the maximum extremum (136.56) and the targets for the breakdown of the H4 cloud.

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 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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