Technical analysis of USD/JPY for June 14, 2017 888011000 110888 As it was forecasted in the yesterday analysis, USD/JPY has actually moved is exact same instructions and both our take revenues targets have been struck. USD/JPY is still under pressure and expected to post more losses. The pair broke below the 20-period and 50-period moving averages. In addition, the 20-period moving average is declining and will cross below the 50-period one. The relative strength index is heading downwards. To conclude, as long as 109.95 hangs on the advantage, try to find a further drop to 108.70 and even to 108.35 in extension. Additionally, if the rate moves in the opposite instructions as anticipated, long position is suggested above 109.95 with targets at 108.70. Chart Explanation: The black line shows the pivot point, present price above pivot point suggests the bullish position and listed below pivot points show the brief position. The red lines reveal the assistance levels and the green line indicates the resistance levels. These levels can be utilized to leave and get in trades.Strategy: OFFER, Stop Loss: 110.45, Take Earnings: 109.65 Resistance levels: 110.45, 110.80, and 111.15 Support levels: 108.70,108.35, and 108 The material has actually been offered by InstaForex Company- www.instaforex.com

By | June 14, 2017

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *