Everyday analysis of USD/JPY for March 9, 2018 888011000 110888 USD/JPYThere is a growing obstacle to the recent bearish bias on the marketplace. Considering that the demand level at 105.50 was evaluated, the market has acquired 130 pips. Rate is now above the need level at 106.50, going to the supply level at 107.00. There is a possibility of a modification in the market bias when price goes further northwards. The long-lasting bias is bearish. The EMA 11 is below the EMA 56, and the RSI period 14 is somewhat listed below the level 50. There is currently a Bearish Confirmation Pattern on the 4-hour chart, but that will be overturned once the supply level at 107.50 is breached to the upside. The product has actually been offered by InstaForex Company- www.instaforex.com

By | March 9, 2018

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