Technical analysis of USD/JPY for April 13, 2018 888011000 110888 All our advantage targets which we predicted in yesterday’s analysis have actually been hit. USD/JPY is anticipated to trade with a bullish outlook. The set fell and posted a pullback below its 20-period moving average, it is still staying above its increasing 50-period moving average. The relative strength index stands firmlyabove its neutrality level at 50. To conclude, as long as 107.25 is not broken, search for a more advance with targets at 108 and 108.25 in extension.Chart Explanation: The black line shows the pivot point. The present cost above the pivot point indicates a bullish position, and the rate below the pivot point shows a short position. The red lines reveal the supportlevels, and the green line suggests the resistance levels. These levels can be used to go into and leave trades.Strategy: BUY , stop loss at 107.25, take profit at 108.00 Resistance levels: 108.00, 108.25, and 108.75. Support levels: 107.05, 106.80, and 106.30. The product has been supplied by InstaForex Business-www.instaforex.com

By | April 13, 2018

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