FX.co ★ The daily review of the currency pair GBP / JPY for April 23, 2018. Ichimoku Indicator

GBP/JPY

Senior timeframes

The pair went down to designated supports 150.77 - 150.45 (weekly Kijun + day Kijun + daytime Senkou Span B) and closed last week with good prerequisites for continuing the decline. At the moment, the strength of the supported supports can form a braking, perhaps the players on the upgrade will try to restore positions. In this case, the resistance should be noted in the area of 152.14-25 (day Tenkan + weekly Fibo Kijun). Overcoming the support zone 150.77-45 opens prospects for a reduction in areas of the congestion of the supports 149.40-07 and 147.95.

H4-H1

The junior timeframes are ready to fully support the players on the slide and provide them with a downside target for the breakdown of the H4 cloud, so the passage of the supported upper half times (150.77-45) will allow the reduction of the benchmarks which are now concentrated in a fairly wide support zone. The support zone center can be identified around 149.07 (the monthly Fibo Kijun). For players on the downside, everything now rests on 150.77-45, so rivals can take advantage of the situation. With the rise, 151.24 (Tenkan H4 + cross H1 + high-time level) will have a value today, then 151.85 (Senkou Span B N4 + H1 cloud) and 152.14-25 (Kijun H4 + high-time levels).