GBP / JPY Show full picture Rising players managed to close the week above the key supports with optimism, as the monthly Tenkan at 141.83, the weekly Kijun at 141.83 and the day cross (Kijun 141.99 + Tenkan 142.18. The result did not take long. Advantages in moods were expressed in an upward gap and testing of significant resistances at 143.20-44 (daytime Senkou Span B + week Tenkan). Now the outcome of the interaction is important.
The bears could not reach the lower boundary of the cloud H4. The interests of the bulls reliably defended the support of the daily Tenkan and the target for the breakdown of the H1 cloud. The lower timeframes are fixed above the cloudy Ichimoku and the rising players achieved support from all the elements of the Ichimoku indicator, hence, it continued to move upwards. At the moment, resistances are at the high-tier levels found in the 143.20-44 regions. The result of the interaction will determine further development of the situation. The support for today can be seen at 142.93 (Tenkan H1) - 142.50 (Fibo Kijuna H4-N1), but the most secure and significant is the zones 142.18 - 141.83.
EUR / JPY
Despite all the efforts, players on the slide failed to manage to close the week below the key support of 129.63 (weekday Tenkan + day Kijun). The failure led to the fact that the new week started again with a gap, with an ascending trend for this time only. The return to the players' side to increase the daily short-term trend (130.54) and the closure of the descending gap of the previous week will create the prerequisites for a new upswing. The nearest target is still the first level of the target upon breaking the weekly cloud (132.09).
As of this writing rising players made an attempt to achieve the long-term support from the Ichimoku indicator. Reliable consolidation above the clouds of H4 and H1 and the daily Tenkan (130.54), will consider the strengthening of bullish sentiments and the possibilities of restoring the uptrend. The support for today remained at the previous levels of 130.13 (Tenkan N4 + Senkou Span B N4 + cross N1 + daytime Fibo Kijun) and 129.63 (weekday Tenkan + daily Kijun).
Indicator parameters:
All time intervals 9 - 26 - 52
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.
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.
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