Day-to-day analysis of USD/JPY for March 8, 2018 888011000 110888 USD/JPYThe scenario of this currency trading instrument stays the same. Price is presently above the demand level at 106.00, going to the supply level at 106.50. There is another need level at 105.50. All these are happening in the very-short term. The medium-term bias on the market is neutral. The long-lasting predisposition is bearish. The EMA 11 is below the EMA 56, and the RSI duration 14 is slightly listed below the level 50. There is currently a Bearish Confirmation Pattern in the 4-hour chart, which identifies further southwards motion( supplied the marketplace does so). The material has been provided by InstaForex Company- www.instaforex.com

By | March 8, 2018

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