GBP / JPY pair
Older timeframes
Players on the decline continue to move downward. Currently, targets are still breaking the Ichimoku daytime cloud (145.25 - 143.99) and the monthly Fibo Kijun (143.96). After the day has passed prior to the levels, the Fibo Kijun for next week (147.05) and the monthly Tenkan (147.95) have the possibility of developing an upward correction, acting as a resistance.
H4 - H1 charts
The initiative now belongs to the players on the decline, the support of the Ichimoku indicator is also on the side of the bears. At the moment, we are witnessing the development of the current downward trend. The nearest support is located at the level of the first target of the daily target (145.25). Resistance for today can be noted at 146.42 (Tenkan H4 + Kijun N1) - 147.05 (the lower boundary of the H1 cloud + Fibo Kijun N4 + high-time level) - 147.97 (the upper boundary of the H1 cloud + the final boundaries of the H4 cross + times).
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,
Chikou 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.
