Published On: Thu, Feb 23rd, 2017

GBP/JPY: Ichimoku clouds

InstaForex

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is going to reverse from ascending to descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (140.50). The closest resistance level is the lower border of the cloud (141.95). On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (137.47). The closest resistance level is the lower border of the cloud (142.00).
On the four-hour chart the instrument is trading within the cloud. On the daily chart the instrument is trading within the cloud. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 140.50, with Take Profit at 139.93 and Stop Loss at 141.95; buy at the level of 141.95, with Take Profit at 142.69 and Stop Loss at 140.50.
Аналитика Форекс

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