Technical analysis of USD/JPY for February 14, 2018 888011000 110888 All our targets which we predicted in the other day’s analysis have been hit. The set is rebounding from a low of 107.39 seen yesterday(February 13 )however stays capped by the key resistance at 108.20. The relative strength index has actually climbed up to the neutrality level at 50, revealing a lack of downward momentum for the set, intraday bearishness is still maintained by the descending 50-period moving average. In case the present rebound loses steam cannot push the set through the crucial resistance at 107.85, a go back to 106.80 is anticipated. Alternatively, if the cost moves in the opposite instructions, a long position is recommended to be above 107.85 with a target of 108.20. Chart Description: The black line shows the pivot point. The present price above the pivot point shows a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the assistance levels, and the green linesuggests the resistance level. These levels can be utilized to go into andleave trades.Strategy: OFFER, stop loss at 107.85, take revenue at 106.80. Resistance levels : 108.20, 108.5, and 108.85 Support levels: 10.30, 107.05, and 106.75. The material has been supplied by InstaForex Company- www.instaforex.com

By | February 14, 2018

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