Technical analysis of USD/JPY for September 19, 2017 888011000 110888 Our very first target which we forecasted at 111.70 in yesterday’s analysis has been hit. The set is trading above its increasing 50-period moving average, which plays a support role and preserves the benefit predisposition. The relative strength index is combined with a bullish predisposition. The downside potential must be limited by the crucial assistance at 110.60. As long as this crucial level is not broken, look for a brand-new upside to 112.10 and even to 112.40 in extension. If the cost moves in the opposite direction, a short position is advised listed below 110.60 with a target at 110.30. Chart Description: The black line reveals the pivot point. The existing price above the pivot point indicates a bullish position, while the cost listed below the pivot point is a signal for a brief position.The red lines reveal the support levels and the green line suggeststhe resistance level. These levels can be used to exit and enter trades.Strategy: BUY, Stop Loss: 111.20 , Take Profit: 112.10 Resistance levels: 112.10, 112.40, and 112.75 Assistance Levels: 110.95, 110.60, 110.20 The material has been offered by InstaForex Company -www.instaforex.com

By | September 19, 2017

Share This:

Leave a Reply

Your email address will not be published.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