Technical analysis of USD/JPY for April 20, 2018 888011000 110888 All our targets which we forecasted in the previous analysis have been struck. USD/JPY is still trading higher and anticipated to continue moving higher. The set keeps trading on the advantage repeatedly striking the upper Bollinger band. Upward momentum is likewise evidenced by the relative strength index, which is well directed in the 60s. On the other hand, the essential assistance at 107.15 stays undamaged maintaining the intraday outlook bullish. For that reason, the set is anticipated to be on track to reach upside target at 108.05 and 108.30. Chart Explanation: The black line reveals the pivot point. Today price above the pivot point indicates a bullish position, and the cost below the pivot point indicates a brief position. The red lines show the supportlevels, and the green line shows the resistance levels. These levels can be utilized to exit and go into trades.Strategy: BUY, stop loss at 107.35, take revenue at 108.05.Resistance levels: 108.05, 108.30, and 108.65 Support levels : 107.10, 106.85, and 106.55. The material has been provided by InstaForex

By | April 20, 2018

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