FX.co ★ Daily review of GBP / JPY and EUR / JPY as of September 4, 2017. Ichimoku Indicator

GBP/JPY

Last week, the players on the raise closed optimistic. However, to form new prospects failed. The pair retained its location under the zone of resistance 143.02-52 (daytime Kijun + Senkou Span B + weekly Fibo Kijun + Tenkan). With the opening of the week, rivals try to change the balance of forces and moods. As a result of this downward gap, the pair returned to the zone of attraction and support influence of 141.83 - 142 - 142.15 (weekly Kijun + monthly Tenkan + day Fibo Kijun). For the further development of the situation, the result of the interaction is important.

Just a little bit, it was not able to reach the bulls before the upward direction. It should be noted that the target for the breakdown of the cloud H4 (143,08-51), reinforced by the levels of the senior half, while retained its location and importance. The breakdown of the supports (142.15-141.83), the liquidation of the gold cross H4 and the overcoming of the H1 target, will open the way for the support of the H4 cloud, which is currently reinforced by the daily Tenkan (141.13) and the weekly Fibo Kijun (140.36).

EUR / JPY

Players to increase, updating the maximum, could not gain a foothold higher while restraining the development of correction. Opponents today took the initiative in their own hands, thanks to a downward gap they reached the first target of the downward correction - day Tenkan (130.09). The levels of the day cross (Tenkan 130.09 + Kijun 129.63), strengthened by the weekly Tenkan (129.63), are now the most important support, the breakdown of which can change the balance of power and create new prospects.

Players on the slide seized the initiative on the lower halves, at the moment they are testing the area of the cloud of H4, supporting the daytime halftime 130.09-12. The most fortified area is located just below 129.63 (the lower boundary of the cloud is H4 + the higher-tier levels). The fastening below will form a downside target for the breakdown of the H4 cloud. Among the resistance today, we can note 130.72 (Tenkan H4 + Kijun N1) and 131.13 (Fibo Kijun N4 + cloud H1).

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.