Technical Analysis 2017.07.18 - AUD/JPY & GBP/JPY

The above four-hour chart is showing the Tenkan-sen above Kijun-sen, both have an upwards vector. The Chikou Span confirmative line is over the price chart, indicating a descending cloud. The pair is trading above both Tenkan-sen and Kijun-sen; indicating towards a continued Bullish trend. The most proximate support Tenkan-sen line at 88.05. The pairs cap is defined by the Chikou Span line which is the resistance level at 90.35.


Tenkan-sen line is above Kijun-sen, both have an upward vector. The Chikou Span confirmative line is over the price chart, indicating towards ascending cloud. The Tenkan-sen and Kijun-sen lines; are under the instrument’s price, indicating again the continuation of the Bullish trend.The previous Chikou Span line is the estimated support level at 87.84. The last Chikou Span line maximums are set as resistance level at 90.35.

GBP/JPY: Ichimoku clouds


On the four hour chart both The Kinun-sen line is under the Tenkan-sen line, the red line has an upward vector, the blue line has an unchanged horizontal vector. Chikou Span confirmative line is crossing the chart from top, this reverses the cloud to ascending. The pair currently is banded between both the Tenkan-sen and Kijun-sen lines. The most proximate support is Kijun-sen line at 146.41. The most proximate resistance level is set at Tenkan-sen line at 147.07.



The Kijun-sen is under the Tenkan-sen line is above, the blue line is has an upward vector, while the red remains horizontal. The Chikou Span confirmative line is over the price chart, the cloud is currently ascending. The currency pair corrected back to the Tenkan-sen line. The most proximate support is set as the Tenkan-sen line currently 146.48. The previous Chikou Span line maximum is set as the resistance level at 147.35.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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