GBP / JPY
Traders on the rise were able to close the previous day very optimistically. For now, the confirmation and to reach the target is needed. In the case of strengthening the position of bulls, the main tasks are testing and overcoming the resistance zone at 143.02-52 (day Kijun + week Tenkan + day cloud). A long return to support levels of 141.83 - 142 - 142.15 (weekly Kijun + monthly Tenkan + daytime Fibo Kijun) was yesterday's achievements of bulls. Most likely, this will allow the bear to return to its side in the daily short-term trend at 141.48.
The pair broke out as it accumulated to the levels of 141.83 - 142.15. After the retest, it is possible to overcome the resistance of the descending Monday, then traders can rely on a new stage of testing the zone at 143.02-52. Returning below the support levels of 142.15 - 141.83 will be advantageous for players as it will move downhill and open new prospects which will most likely a decline to the lower the boundary of H4 cloud at 141.08 and reach the target on the breakdown of the H1 cloud.
EUR / JPY
When the support area has been reached at 129.63 (weekly Tenkan + day Kijun + upper boundary of the day cloud) has been reached, delaying the advancement of the bears. The return of the bulls to the short-term trend at 130.54 and the formation of a rebound on the weekly time frame which allows the consideration of possibilities for recovery of the uptrend and achieves the weekly goal for the breakdown of the cloud. Securing the weekly Tenkan and daily Kijun at 129.63 as well as the opening of the Ichimoku cloud for the day opens new prospects for players to fall.
Traders aim to raise the price in the near future and fix above the daily Tenkan at 130.54 followed by the execution and to overcome the target resistance to a breakdown of the H1 cloud and exit the H4 cloud. Among the support levels, the most relevant areas are 130.13 and 129.63. A support below will bring the momentum of the traders and create new opportunities for them.
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,
Chinkou 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.