Daily analysis of USD/JPY for April 13, 2018 888011000 110888 USD/JPYThe much awaited volatility has actually come back to the market. Cost has actually risen substantially and it has closed above the need level at 107.50. The next targets would be the supply levels at 108.00 and 108.50, which would quickly be breached to the upside, as more buying pressure comes into the market. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. There is a Bullish Confirmation Pattern in the 4-hour chart, which implies cost would continue going up regardless of short-lived pullbacks on the road. The product has been provided by InstaForex Company-www.instaforex.com

By | April 13, 2018

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