FX.co ★ Daily review of GBP / JPY and EUR / JPY on 28.11.17. Ichimoku Indicator

GBP / JPY

The situation did not make any significant changes. Bears leveled again the entire achievements of the opponent and secured the daily short-term advantage. The benchmarks for the decline of the previous weekly Fibo Kijun is at 147.41, Senkou Span B of the daytime cloud at 146.06 and the weekly Kijun can be seen at 145.74. Benchmarks for the recovery today also retain their location, and the nearest resistance is located at 148.52 (daylight Tenkan) and 149.24-40 (weekly Tenkan + daytime Senkou Span A + monthly Fibo Kijun).

The pair failed to cope again with the H4 cloud and forced to retreat from the resistance of the H4 cloud. It is currently supported by daytime Tenkan at 148.52 level. This resistance zone retains its value, followed by the resistance levels of higher timeframes at 149.24-40 - 149.76 - 150.23. From lower timeframe moving to an upward direction, the target will boost the breakdown of clouds.

The support for today has not changed its location, the primary target of the bears remains to be the renewal of minimum extremes and testing of the monthly level of 147.41.

EUR / JPY

Another positive trend of the rising players failed to received confirmation and development. Yesterday, the pair returned to the levels and entered again the daylight cloud. The focus was drawn to daylight Tenkan (132.31), the role of the most important resistance remains at the 132.83 (daily Kijun + week Tenkan) and 133.23 (daytime Fibo Kijun), the benchmark for the decline is 130.98 (daytime Senkou Span B).

The pair returned in the daytime cloudiness and also to the clouds of lower time intervals. An exit from the cloudiness will form new downward targets for the breakdown of clouds. If the H4 cloud could maintain the long-term interests of players on the rise, the main task for recovering the bullish benefits will again be testing the final lines of the day's cross (Kijun 132.83 + Fibo Kijun 133.23) in order to overcome the mentioned level, it is further strengthened by a weekly Tenkan at 132.83.

Indicator parameters:

all time intervals 9 - 26 - 52

The 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.

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.