Technical analysis of USD/CHF for January 12, 2018 888011000 110888 USD/JPY is under pressure. Regardless of a recent rebound from 0.9730 (the low of January 11), the pair is still capped by a declining 50-period moving average. The relative strength index is combined with a bearish predisposition. Even though a continuation of the technical rebound can not be ruled out, its degree ought to be restricted. As long as 0.9750 is not surpassed, look for a new drop with targets at 0.9695 and 0.9670 in extension. Chart Explanation: The black line reveals the pivot point. Today rate above the pivot point shows a bullish position, and the rate listed below the pivot point suggests a brief position. The red lines show the assistancelevels and the green line shows the resistance levels. Theselevels can be utilized to leave and enter trades.Strategy: Offer,stop loss at 0.9755, take revenue at 0.9695. Resistance levels: 0.9775, 0.9800, and 0.9840 Assistance levels : 0.9695, 0.9670, and 0.9650. The material has actually been supplied by InstaForex

By | January 12, 2018

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