The daily review of GBP / JPY and EUR / JPY on October 4, 2017. Ichimoku Indicator

GBP/JPY

The pair continues to support the monthly Fibo Kijun (149.24). The breakdown of support opens up opportunities for retesting the trend line, constructed according to the maximum extremes of the past (148.43 - 147.75). The most significant resistance is still the daytime Tenkan, which today is located at 150.97.

Indicator Ichimoku now supports the players to fall, but the strength to overcome the support (149.24) is still not enough, so in the near future, an upward correction is necessary and some recovery of bullish positions. Among the important resistance of the lower half, today it is necessary to note 149.70 (Tenkan N4 + Kijun N1) and 150.20-37 (Kijun N4 + Senkou Span B N1). The fastening above will change the existing balance of forces at the lower time intervals and form an upward target. The main task of players to increase after this will be a rise to the cloud of H4, reinforced now by the day Tenkan (150.97). Interaction with these levels can significantly affect the development of the situation, as it will create the prerequisites for the end of the support encountered (149.24).

EUR / JPY

Last pair stayed in the zone of consolidation while retaining the desire to continue the decline. The key resistance is still the daytime Tenkan (133.08). The tasks of the bears also did not change the elimination of the daytime cross (131.89-29) and testing of the weekly Tenkan (130.98).

At lower jumps, the players on the downside retain their support for their moods with the Ichimoku indicator, as a result, one can expect the implementation of a decline to support for the higher half times 131.89 - 131.29 - 130.98 and to the goal targets for the breakdown of the H4 cloud. But despite the current advantage of the bears, the general movement of the last days has the character of consolidation, so the resistance that can influence the existing balance of power is now quite close - 132.66 (Kijun N4 + Senkou Span AH4 + cloud N1) and 133.08 (Senkou Span B N4 + day Tenkan).

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 additional lines:

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

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.