Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

The daily review of the GBP / USD as of August 2, 2018. Ichimoku Indicator

August 3, 2018 Analytics

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GBP / USD

The pair is trying to get rid of the daily bullish advantage and continue the decline. But a slight decrease, within the limits of correction, can hardly help the bears now. They need to update the correction minimum (1.2957) and secure the fastening below. All the rest will contribute to consolidation, during which players on the rise can accumulate strength for breaking through the important resistance concentrated in the area of 1.3214-25 (week Tenkan + Senkou Span B + day Fibo Kijun + daytime Senkou Span A).

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Today, the target for the breakdown of the H1 cloud has been worked out. Among the downside reference points, there is now also a target for the breakdown of the H4 cloud (1.3054-36). But these are all intermediate benchmarks that are unlikely to bring victory to players on a slide, the main interest of which is concentrated in the area of 1.2957. Uncertainty and deceleration of the last days made the clouds of lower dimes the main center of attraction, here are now concentrated different levels of older time intervals. As a result, the most significant resistance today can be noted at 1.3112 – 1.3140 – 1.3180 – 1.3225.

Indicator parameters:

All time intervals 9 – 26 – 52

The 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.

The 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.

The material has been provided by InstaForex Company – www.instaforex.com

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