FX.co ★ Daily review of GBP / JPY pair as of 08.06.18. Ichimoku Indicator

GBP / JPY pair

Reaching for the top of the weekly cloud (148.08), the players on the rise took a break. As a result, retesting the day crosses passed the day before (Kijun 146.57 + Tenkan 145.63) is actual. In case the closure of the current week will lead to the formation of a long upper shadow, as opposed to the lower shadow last week. it can be expected that the development of the situation will for some time be reliably limited by the levels of the week cloud - Senkou Span A 148.08 and Senkou Span B 144.48.

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.