Day-to-day analysis of USD/JPY for June 8, 2018 888011000 110888 USD/JPYWhat the USD/JPY set has done so far today is best called a week-long consolidation. And price is now coming downwards gradually. A movement above the supply level at 110.50 will result in a bullish signal, and a motion listed below the need level at 108.50 will lead to bearish signal. There is an ongoing risk to the bullishness in the market, as rate has been coming downwards slowly. In case the existing circumstance holds out a bit longer, the EMA 11 would cross the EMA 56 to the disadvantage. The RSI period 14 has currently crossed the level 50 to the disadvantage, which might lead to a Bearish Confirmation Pattern.The product has actually been provided by InstaForex Business

By | June 8, 2018

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