Technical analysis of USD/JPY for April 19, 2018 888011000 110888 Our first target which we anticipated in the previous analysis has been hit. USD/JPY is expected to trade in greater variety. The set is publishing a brand-new upleg while striking versus the upper Bollinger band. Strong upward momentum is evidenced by the relative strength index, which is well directed in the 60s. It is on track to review107.40 (around the high of yesterday, April 18). Above that level, it could target 107.60 on the advantage. Key assistance is located at 107.05. Chart Explanation: The black line reveals the pivot point. The present rate above the pivot point suggests a bullish position, and the price below the pivot point shows a short position. The red lines reveal thesupport levels, and the green line suggests the resistance levels. These levels can be utilized to go into and leave trades.Strategy: BUY, stop loss at 107.15, take earnings at 107.60.Resistance levels: 107.60, 107.80, and 108.15 Assistance levels : 106.85, 106.65, and 106.35. The material has been provided by InstaForex

By | April 19, 2018

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