Technical analysis of USD/JPY for April 09, 2018 888011000 110888 USD/JPY is anticipated to trade with a bearish outlook. The pair is under pressure below the essential resistance at 107.25, which should restrict the upside potential. Both declining 20-period and 50-period moving averages play resistance roles.The relative strength index is combined with a bearish predisposition. Hence, below 107.25, try to find a return with targets at 106.70 and 106.40 in extension.Chart Explanation: The black line shows the pivot point. The present price above the pivot point suggests a bullish position, and the cost below the pivot point shows a short position. The red lines show theassistance levels, and the green line suggests the resistance levels. These levels can be used to go into and leave trades.Strategy: SELL,stop loss at 107.25, take profit at 106.70. Resistance levels: 107.50, 107.75, and 107.30 Support levels: 106.70, 106.40, and 106. The material has actually been supplied by InstaForex Company

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