The daily review of GBP / JPY as of 05/29/18. Ichimoku Indicator

GBP / JPY

After breaking the day's cloud and fixing itself in the weekly cloud, the players on the fall formed new downward pegs (the target for the break of the day cloud was 143.08 - 144.16 + week Senkou Span B 144.21). At the moment, the pair is close to fulfilling these benchmarks, which also have an increase from the monthly Kijun (144.34). The priority is now on the players' side to decline, but after working out the goals, the support force of the targets (143-144) can lead to braking. In the event of a rebound and activity of players to increase, the first resistance today can be noted in the area of accumulation of levels of junior timeframes - 145 (Tenkan N4 + cross N1) and 145.90-146.20 (Kijun Н4 + cloud Н1).

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.