Technical analysis of USD/JPY for June 19, 2017 888011000 110888 USD/JPY is expected to move with bullish bias above 110.85. Although the pair published a pullback, it is still trading above the essential assistance at 110.85, which need to limit the downside capacity. Even though a continuation of the debt consolidation can not be dismissed, its level needs to be restricted. To conclude, as long as 110.85is not broken, look for a further increase to 111.70. A break above this level would activate a new upside to 112.05. Alternatively, if the price relocations in the opposite instructions as forecasted, brief position is suggested listed below 110.85 with targets at 110.60 and 110.35. Chart Explanation: The black line shows the pivot point. The present rate above pivot point shows the bullish position while the price below pivot points suggests the brief position. The red lines reveal the assistance levels and the green linesuggests the resistance levels. These levels can be used toenter and exit trades.Strategy: PURCHASE, Stop Loss: 110.85, Take Profit: 111.70 Resistance levels: 111.70, 112.05, and 112.45 Support levels: 110.60,110.35, and 110.00 The product has actually been offered by InstaForex Company-www.instaforex.com

By | June 19, 2017

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