Technical analysis of USD/JPY for April 11, 2018 888011000 110888 Our first target which we forecasted in the previous analysis has actually been hit. USD/JPY is expected to trade with a bullish outlook. The set is supported by a rising trend line because April 10, which confirmed a bullish outlook. The 50-period moving average is showing up and is serving as a support. The relative strength index is above its neutralitylevel at 50 and does not have down momentum. To conclude, as long as 106.55 is not broken, look for an additional advance with targets at 107.45 and 107.75 in extension.Chart Description: The black line reveals the pivot point. The present rate above the pivot point shows a bullish position, and the rate listed below the pivot point suggests a brief position. The red lines reveal the support levels, and the green line shows the resistance levels. These levels can be utilizedto go into and exit trades.Strategy: BUY, stop loss at 106.55, take earnings at 107.45 Resistance levels: 107.45, 107.75, and 107.30 Support levels: 106.25, 106.00, and 105.45. The product has been offered by InstaForex Business-www.instaforex.com

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