EURGBP

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Bullish trend on EURGBP reached Senkou Span B on weekly chart 0.7490 and today is testing Tenkan-sen support on the daily cahrt 0.7412. Chikou span and price are corrected to Kijun-sen 0.7344 and here we should observe further behavior of this currency pair. EURGBP stays above Ichimoku line since August 19th with a short break on October 21st. Next resistance level is set by (6/8)P 0.7568 line.

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USDJPY

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USDJPY is next to important support level – 118.75. There still is full sell signal. Tenkan-sen is below Kijun-sen, Kumo is bearish and Chikou Span is below chart and averages. Above this level USDJPY stays since February. If bears will break this level next support will be at (3/8)P 117.19.

You can read Ichimoku strategy description here.

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Propagator of Japanese investment methods, from more than 20 years active financial markets investor. He worked as a trader and analyst at brokerage houses in Poland, Great Britain and United States. He provides lectures about investing system structures and investment psychology based on Ichimoku Kinko Hyo strategy.