Technical analysis of USD/JPY for April 17, 2018 888011000 110888 USD/JPY is expected to trade with a bearish outlook. The set is trading within a bearish channel drawn from last Friday(April 13). It is currently testing the crucial level of 107.00 on the drawback, as the 20-period and 50-period moving averages are severely oriented.The relative strength index stays subdued in the 30s, recommending an absence of upward momentum for the set. Below 107.40, the next assistance (downside target )at 106.80 would enter sight.Chart Description: The black line reveals the pivot point. The present cost above the pivot point shows a bullish position, and the cost below thepivot point shows a brief position. Thered lines reveal the support levels, and the green line indicates the resistance levels. These levels can be utilized to go into and leave trades.Strategy: SELL, stop loss at 107.40, take earnings at 106.80. Resistance levels: 107.60, 107.80, and 108.20 Assistance levels: 106.80, 106.60, and 106.20. The material has actually been supplied by InstaForex

By | April 17, 2018

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