The daily review of the currency pair GBP / JPY for May 10, 2018. Ichimoku Indicator



Senior timeframes

The pair performed retest of the punched levels, having risen to the zone of influence of the day (148.93) and monthly (148.88) Tenkan. The players on a decline for the development and preservation of their plans need to organize the completion of the climb and form a retreat from the levels encountered. Opponents in the current situation, on the contrary, need to linger in the daytime cloud and transfer short-term trends to their side. As a result, they will open new prospects, and the role of the next upside target will again belong to the most significant level of this site 150.77 (daytime Senkou Span B + week-old Kijun).



At the moment, the pair is making a second attempt to overcome the resistance encountered in the area of the union of the upper-tier levels (148.90) and the lower boundary of the H4 cloud (Senkou Span A 149). The advantages are now on the side of players to increase, but failure in the fight against resistance can quickly change the situation. The most important support zone today is located in the area of 148.60-40 (Tenkan N4 + the final borders of the cross H1 + cloud N1 + day Senkou Span A), the anchoring below will change the current balance of forces and will allow to consider the decline. The following support can be noted on 148.10 and 147.65.

The material has been provided by InstaForex Company -