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> Technical Analysis 2017.07.20 - GBP/JPY & AUD/JPY
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Technical Analysis 2017.07.20 - GBP/JPY & AUD/JPY

STO

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GBP/JPY: Ichimoku clouds
We see the Kijun-sen under the Tenkan-sen line is above on the daily chart, and blue line has an upwards vector, while the red is horizontal. The Chikou Span confirmative line is over the price chart, indicating towards an ascending cloud. The currency pair’s price is banded on both sides by the Tenkan-sen and Kijun-sen. Its most proximal support is defined by Kijun-sen line at 143.470. Its most proximate resistance is Tenkan-sen at 146.500.


AUD/JPY: Ichimoku clouds
On the daily chart The Kijun-sen is again under the Tenkan-sen line, both both have a upward vector in the chart. The Chikou Span confirmative line is in the upper region of the chart, indicating towards an ascending cloud. The pair’s price is over both Tenkan-sen and Kijun-sen lines; indicating towards the continuation of the bullish trend. Its most proximate support is the Tenkan-sen line sitting at 87.900 currently. The previous maximus set by the Chikou Span line are speculated to delineate resistance at 90.300.

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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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170720-gbpjpy-audjpy-/?camp=24219
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