Technical analysis of USD/JPY for May 15, 2018 888011000 110888 All our advantage targets which we anticipated in our previous analysis have actually been struck. The pair continued its rebound while being supported by the rising 20-period moving average, which remains above the 50-period one. The relative strength index stayed raised in the 60s, revealing continued upward momentum for the set. The bullish intraday outlook remains intact,and the pair must review 110.60 before targeting 110.85. On the drawback, essential assistance is located at 109.75. Chart Description: The black line shows the pivot point. The present price above the pivot point shows a bullish position, and the price below the pivot point indicates a short position. The red lines show the assistancelevels, and the green line suggests the resistance levels. These levels can be utilized to get in and exit trades.Strategy: Purchase, stop loss at 109.75, take revenue at 110.60.Resistance levels: 110.60, 110.85, and 111.30 Support levels : 109.60, 109.45, and 109.00. The material has been provided by InstaForex

By | May 15, 2018

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