GBP/JPY
Last week was marked by bears, so the further potential and the superiority of forces at the moment are on the side. By the end of the week, the players went down to the support of the daily Kijun (147.00). Today, players on the rise, using the strength of the support met, as well as a pause and a slight upward gap of Monday trading open, are trying to restore their positions. Resistance can now be noted at known and proven levels previously 147.75 - 148.43 - 149.24.
Players on the downgrade completed the task of this site maximum. The target for the breakdown of the H4 cloud was worked out for the first target and the reduction to the daily mid-term trend was executed (147). As a result, braking and development are possible, within the limits of lower dimes, ascending correction. The benchmarks for the rise of the younger time intervals are now strengthened by the resistance of the senior halves. The most important for the bulls is the breakdown of the H1 cloud, the change in the cross of H4 and the acquisition of the support for the daily short-term trend - 148.40-60 and 149.24. The breakdown of the supported supports (147), the main task for the players on the downgrade will make testing of the weekly Tenkan (146.06).
EUR / JPY
The medium-term daily trend (131.89) continues to hold back the situation, not allowing players to lower the decline to develop. The main benchmark for the decline is now the weekly Tenkan (130.98), through 131.29 (daytime Fibo Kijun). In the case of fastening over the daily Kijun (131.89) and also after returning to the bull side of the daily short-term trend (132.48) and updating the consolidation maximum (133.13), conditions will be formed to strengthen the players' positions on the rise, with the prospect of recovering the ascending trend.
The pair could not overcome the key support zone (132.09 - 131.89), so it continues to remain in the zone of consolidation and lateral movement, the center of attraction of which is 132.48 (cloud H1 + Fibo Kijun N4 + day Tenkan). The upper limit of the resistance zone is the level of 133.08 (Senkou Span B N4 + former maximum zone extremum). Changes in the situation are possible after leaving the zone of consolidation and reliable confirmation of intentions.
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.