Daily review of GBP / JPY and EUR / JPY for August 7, 2017. Ichimoku Indicator

GBP/JPY

The most important zone of resistance now is the union of the levels of the day's cross (Tenkan 145.49 + Kijun 145.87 + Fibo Kijun 146.32) and the week-old Senkou Span B (145.43). A reliable consolidation above will facilitate the emergence of new perspectives for players.

The zone of the most important supports is the weekly cross-week Tenkan (143.20), which strengthens the daytime cloud (143.37) and the weekly Kijun (141.83), to which the monthly Tenkan (142.00) came.

Support for the market is currently the fulfilled goal of H4 (144.25), the next support is located at 144.00 (the minimum extremum). Reliable fastening below will most likely allow the decline to continue, with benchmarks being the high-tier levels (143.20 - 141.83). Support for the Ichimoku indicator of lower dimes is now on the side of players for a fall, the return of the short-term trend of H4 (144.75) and the turn of the cross N1 (Kijun 144.75) will create conditions for the development of a full-fledging upward correction. The nearest prospects for recovery will be 145.10-15 ( Fibo Kijun H4 + the lower boundary of the cloud H1) and 145.40-50 (the upper boundary of the cloud H1 + cloud H4 + Kijun H4 + levels of the higher periods).

EUR / JPY

The pair met the support of the daily short-term trend (130.46), it is on Tenkan that corrections are most often completed, so in case of rebound from the level, we can expect testing of the high (131.39), in order to restore the uptrend. The fastening below the daily Tenkan (130.46) will lead to a pair of daily Kijun (129.70), and the break of the day cross will open the way for a weekly corrective decline.

Key support now - day cross levels (130.46 - 129.70) and cloud H4. Overcoming the supports opens new prospects for players to fall. If the pair can now keep its location above the daily Tenkan and exit into the bullish zone relative to the H1 cloud (130.92), then there will be new upward guidance points, a target for H1 cloud breakdown and a maximum extremum (131.39).

Indicator parameters:

All time intervals 9 - 26 - 52

Color of the indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun - green dotted line,

Chinkou - gray,

Clouds: Senkou Span B (SSB, long-term Trend) - blue,

Senkou Span A (SSA) - pink.

The color of the additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.