GBP / JPY
As expected, the bears' offensive held back support for short-term trends (daytime Tenkan 148.71 + monthly Tenkan 148.88), their passage led to an active decline. At the lower timeframes, the passed levels formed today a strengthened zone of resistance (148.70-95), joining forces with clouds H4 and H1. The aim and main goal of the reduction is still the breakdown of the upper boundary of the weekly cloud (Senkou Span A 147.66) and the recovery of the downtrend (maximum extremum 147.03). In addition, a downward target was formed for the breakdown of the H4 cloud (146.42-77). The passage of these landmarks and reliable anchoring below will open the prospect of descent to the lower boundary of the weekly cloud (Senkou Span B 144.48), strengthened by the monthly medium-term trend (144.34).
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.
