FX.co ★ Daily review of GBP / JPY and EUR / JPY as of August 24, 2017. Ichimoku Indicator

GBP/JPY

After a slight slowdown, players continued to decline. The main benchmark in this situation continues to be the level of 100% of the daily target (138.96), as well as the support of the weekly Senkou Span A (138.76) and the last minimal extremum (138.65). The zone of resistance is still represented by day Tenkan (141,23) and the combination of weekly Kijun and monthly Tenkan (142-141,83).

The support of the Ichimoku indicator for downgrade players allowed the bears to continue their decline. The benchmarks for the decline are the high-tier levels, which today retained their location at 138.96-76-65.

Resistance, capable of influencing the balance of power and shifting it to the side of players on the rise, is located today at 140.35 (Fibo Kijun N4 + cloud H1 + weekly Fibo Kijun), further it should be noted 141.23 (day Tenkan + cloud H4) and 141, 83-142.

EUR / JPY

The situation has not undergone any significant changes. Conclusions and expectations remain the same. The day-long dead cross now serves as a guide and a constraint for corrective ascent (Tenkan 128.97 + Kijun 129.47 + Fibo Kijun 129.92), fixation above can affect the balance of power and change the current situation. The rebound from resistance will return a pair to testing the supports, the upper boundary of the daytime cloud (128.10) and the zone 127.73-52 (the monthly Fibo Kijun + week Tenkan).

Yesterday, the pair is in lateral movement with a fairly narrow range. Overcoming the resistance of the cloud of H4, now intensified by day levels (Tenkan 128.97 + Kijun 129.47), will form a new upward target (target for H4 cloud breakdown). Failure to cope with the current resistance will return the pair to support, which at the moment can be combined into zones 128.35-10 (Kijun N4 + cloud H1 + daytime Senkou Span A) and 127.73-52 (high-time levels).