Daily Outlook for GBP/JPY and EUR/JPY at 09.11.17. Ichimoku Indicator

GBP/JPY

Pair
continues to remain in bearish zone broadening formation, but despite
some advantage, yesterday’s testing supports 149,24 – 148,73
ended for players to drop, just a long lower shadow. Successful
the entrance to the daily cloud again, did not happen. The role of the resistance, responsible for
short-term advantage remains today the daily Tenkan (150,22).

Zone
support and attraction, marked informed 149,24-41 and 148,73-82 do not allow
players for a fall to significantly change the situation and to continue to decline. Task
the bears now is to implement the correction to the support of the weekly Tenkan
(147,70). The most important resistance today is still concentrated in
the district 150,22-27 (daily Tenkan + Senkou span B-H4). Consolidation of above can
to change the balance of power in favour of players on increase and generate new
prospects.

EUR/JPY

Pair
remains in a day under cloud resistance 132,24-26 (daily Tenkan +
weekly Tenkan + upper border of the cloud), thanks to the basic guideline
to reduce remains of the lower border of the daily cloud (130,98).
Higher support will return the pair to test traffic center (132,95
daily Kijun), which has developed in recent years.

On
lower time frames clearly shows that the main importance has
the zone of attraction generated by the Junior and senior levels halves (131,81 –
132,24). In this bearish point of reference for the continuation of the decline is in the area
130,98 (the lower boundary of the daily cloud). For the bulls, after posting over 132,24,
everything continues to rest against the resistance of the cloud N4, enhanced fluorescent cross
led by the Kijun-sen (132,95).

Settings
indicator:

all time intervals 9 – 26 – 52

Color
indicator lines:

Tenkan (short term trend) – red,

Kijun (medium-term trend) – green,

Fibo Kidjun – green dotted line,

Neutral.

cloud :
Senkou span B (SSB, the long-term trend)
blue,

Senkou span a (SSA) – pink.

Color
additional lines:

support and resistance MN – blue, W1 – green,
D1 – red, H4 – pink, N1 – gray,

horizontal levels (not Ichimoku) brown,

trend lines purple.

The material has been provided by InstaForex company — www.instaforex.com

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