The daily review of GBP / JPY on June 12, 2018. Ichimoku Indicator

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GBP / JPY

Over the past 24 hours, the situation has not changed significantly. The players on the raise keep hope for the continuation of the upward correction. The main task for them now is still testing, in order to overcome, the nearest zone of resistance, which is formed at once several weeks levels (Senkou Span A 148.25 + Tenkan 148.45 + Fibo Kijun 148.29). The key support is located today within the daytime cross (Kijun 146.57 + Tenkan 146.09).

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It should be noted that the indicator of Ichimoku at lower time intervals continues to maintain the settings in support of bullish sentiments. At H4, there is also a target for the breakdown of the cloud. In the case of breakdown of weekly resistance (148.25-45), the up-date target H4 (149.28-96) and the resistance levels of the upper half times in the region of 150 will be the next topical target. The most significant zones of attraction and support today retain their location at 147.38 – 146.58 – 145.78.

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.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: The daily review of GBP / JPY on June 12, 2018. Ichimoku Indicator

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