The daily review of GBP / JPY and EUR / JPY as of August 30, 2017. Ichimoku Indicator

GBP/JPY

The pair continued to rise and reached the resistance level of 141.83 - 142 - 142.15 (weekly Kijun + month Tenkan + daytime Fibo Kijun). The accumulation of levels is quite strong - braking is possible. Overcoming the resistance opens the way to the daytime cloud Ichimoku (143.20), strengthened by Kijun (143.02) and weekly Tenkan (143.52). Support now joined forces in the area of 140.36-65 (daytime Tenkan + weekly Fibo Kijun).

Thanks to the fact that the daytime Tenkan moved to the side of the players on the rise yesterday, turning from resistance to support, we managed to overcome the cloud of H4 and rise to the strengthened zone of resistance (141.83-142-142.15). As a result, to the significant support (140.36-65) today you can add the level 141.20 (Senkou Span B N4 + Kijun N1 + Tenkan N4). To maintain current prospects for players to increase, it is desirable to keep the location above this level. Overcoming the zone of resistance will open the way to the goal targets for the breakdown of the H4 cloud and the high-tier levels (143.02-20-52).

EUR / JPY

Using the power of supports (weekly Tenkan and day cross .129,60), players on the rise continued to rise and updated the maximum extremum (131.39). After the recovery of the upward trend, the main upward direction is the target for the breakdown of the weekly Ichimoku cloud (132.09-134.59).

Players on the increase overcame the resistance of the target at the breakdown of the H4 cloud and continued to climb. At the moment, the indicator of Ichimoku supports all the players with the help of all elements. The target for the continuation of the ascent is the target for the breakdown of the weekly cloud (132.09-134.59). Now the pair is in the zone of influence and attraction of the maximum extremum of 131.39. Further among the supports today we can note 130.70 (Tenkan H4 + cloud H1) - 130.10 (Kijun N4 + daytime Fibo Kijun) - 129,60 (day cross).

Indicator parameters:

All time intervals 9 - 26 - 52

The 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.