Technical analysis of USD/JPY for June 12, 2017 888011000 110888 USD/JPY is expected to sell lower resistance as far as essential resistance lies at 110.45. The pair published a technical rebound, and is now challenging its nearest resistance at 110.45. The upward capacity is likely to be limited by the crucial resistance which is at 110.45. In addition, the 50-period moving average is still heading downward. Even though an extension of the technical rebound can not be ruled out, its level must be extremely limited. As long as 110.45 holds on the advantage, search for a return to 109.65 and 109.35 in extension. If rate relocations in the opposite direction as anticipated, long position is recommended above 110.45 with targets at 109.65 and 109.35. Graph Description: The black line shows the pivot point, present cost above pivot point suggests the bullish position and below pivot points show the short position.The red lines reveal the assistance levels and the green line indicatesthe resistance levels. These levels can be usedto enter and exit trades.Strategy: SELL, Stop Loss: 110.45 , Take Profit: 109.65 Resistance levels: 120.80, 111.10, and 111.45 Assistance levels: 109.65,109.35, and 109 The product has actually been provided by InstaForex Company

By | June 12, 2017

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