GBP / USD
The players on the decline continue to decline. At the moment, on the way of the bears is the support of the monthly Fibo Kijun (1.2900). The breakdown of support will eliminate the monthly gold cross and will allow you to consider the landmarks of the weekly goal for the breakdown of the cloud. In the event of a change in sentiment and the formation of rebound from the support encountered, the first resistance will be the day cross 1.3066 - 1.3140, then the key zone of resistance is located, which is able to change a lot, it is formed by many important levels of the high seasons and is now within 1.3184 - 1.3226.
On minor dimes, bears, despite the correction, retain the main support for the indicator Ichimoku. The downward support is still the breakdown of support at 1.2900. In the case of development of correction, the primary task for players to raise will be the breakdown of the H1 cloud and the elimination of the H4 cross, with the subsequent acquisition of a daily short-term advantage. To do this, the bulls will need to take hold of the resistance located now in the area of 1.3030-70 (cloud H1 + the final borders of the cross N4 + day Tenkan).
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