Forecast for USD/JPY on April 17, 2019 888011000 110888 USD/JPY Yesterday, the Japanese yen was selling a little variety of 20 points. This morning, data on the trade balance was released and the price rose by 20 points, but it did not find further support from investors and lost all development. The information were not unambiguous – the trade balance in the March assessment was officially better than the forecast: -0.18 trillion yen versus -0.30 trillion, however worse than the February figure of 0.03 trillion yen.At the moment, the rate has strong support – the balance line and MACD of both the charts in concern (the cost turnaround came from the MACD line of the time scale, but this scale is much weaker in influence than the lower ones). The signal lines of the marlin oscillator on H4 and everyday are in the growth zone.We appearance forward to the quotes’ ongoing development to the lines of the price channels of the daytime at 112.76 and 113.40. The product has been provided by InstaForex Business -www.instaforex.com

By | April 17, 2019

USD/JPY

Yesterday, the Japanese yen was trading in a small range of 20 points. This morning, data on the trade balance was released and the price rose by 20 points, but it did not find further support from investors and lost all growth. However, the data were not unambiguous – the trade balance in the March assessment was formally better than the forecast: -0.18 trillion yen against -0.30 trillion, but worse than the February figure of 0.03 trillion yen.

At the moment, the price has strong support – the balance line and MACD of both the charts in question (the price reversal came from the MACD line of the time scale, but this scale is much weaker in influence than the lower ones). Also, the signal lines of the marlin oscillator on H4 and daily are in the growth zone.

We look forward to the quotes’ continued growth to the lines of the price channels of the daytime at 112.76 and 113.40.

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The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

GBP/USD approaching assistance, prospective bounce!

By | April 17, 2019

GBPUSD is approaching our very first support at 1.3000(horizontal swing low support, 61.8%Fibonacci retracement, 61.8%Fibonacci extension)where a strong drop may take place listed below this level to our very first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement ).

Stochastic is also approaching assistance where we might see a corresponding bounce in price.

Trading CFDs on margin carries high risk.

Losses can go beyond the initial investment so please guarantee you fully understand the threats.

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The material has actually been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander

USD/CAD approaching resistance, possible drop!

By | April 17, 2019

USDCAD is approaching our very first resistance at 1.3404(horizontal overlap resistance, 76.4%Fibonacci retracement, 100 %Fibonacci extension) where a strong drop may happen below this level pressing price to our major support at 1.3342 (horizontal pullback assistance, potential 61.8% Fibonacci retracement ).

Stochastic is also approaching resistance where we may see a corresponding drop in cost.

Trading CFDs on margin brings high threat.

Losses can go beyond the initial financial investment so please guarantee you totally comprehend the dangers.analytics5cb683379c0f9.png

The material has been supplied by InstaForex Business – www.instaforex.com

Jonathon Alexander

Japan Has Y528.5 Billion Trade Surplus In March

By | April 17, 2019

Japan posted a merchandise trade surplus of 528.5 billion yen in March, the Ministry of Financing said on Wednesday.

That surpassed expectations for a surplus of 363.2 billion yen and was up from 334.9 billion yen in February.

Exports were down 2.4 percent on year, beating expectations for a decline of 2.6 percent following the 1.2 percent drop in the previous month.

Imports were up 1.1 percent on year versus expectations for a gain of 2.8 percent following the 6.6 percent contraction a month previously.

The material has been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander

April 16, 2019: GBP/USD Intraday technical analysis and trade suggestions.

By | April 16, 2019

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On January second, the market started the depicted uptrend line around 1.2380.

This uptrend managed to initiate 2 succeeding bullish waves towards 1.3200 (Jan. 25) then 1.3350 (Feb. 27) before the bearish pullback brought the GBPUSD pair towards the uptrend on March 8th.

A weekly bearish gap pushed the set listed below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved on March 11.

Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD failed to attain a higher high above the previous top accomplished on February 27.

Rather, the portrayed bearish channel was established.

Substantial bearish pressure was demonstrated towards 1.3150 – 1.3120 where the illustrated uptrend line failed to offer any bullish assistance resulting in apparent bearish breakdown.On March 29, the rate levels of 1.2980 (the lower limit of the depicted motion channel)showed considerable bullish rejection. This brought the GBPUSD set

again towards the price zone of (1.3160-1.3180 )where the ceiling of the portrayed bearish channel as well as the backside of the portrayed uptrend line concerned meet the pair.Currently, the cost zone of 1.3140-1.3170 represents the

upper limit of the depicted bearish channel where another bearish movement might be initiated.Short-term outlook has developed into bearish towards 1.2920-1.2900 where

the lower limit of the depicted channel is located.Trade Recommendations: Any bullish pullback towards 1.3150-1.3170 should be thought about for another OFFER entry. TP levels to be situated around 1.3100, 1.3020 then 1.2950-1.2920. S/L to be located above 1.3190. The material has been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander

April 16, 2019: EUR/USD showing considerable bearish rejection around 1.1320.

By | April 16, 2019

Hey there On January 10th, the marketplace started the depicted bearish channel around 1.1570. Ever since, the EURUSD pair has actually been moving within the depicted channel with small bearish tendency.On March 7th, current bearish motion was shown towards 1.1175( channel’s lower limit)where considerable bullish healing was demonstrated.Bullish persistence above 1.1270 boosted further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which stopped working to offer appropriate

bearish pressure.On March 18, a considerable bullish effort was performed above 1.1380(the ceiling of the Highlighted-channel)showing a false/temporary

bullish breakout.On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220. 2 weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. As expected, this boosted further bullish advancement towards 1.1300-1.1315 (supply zone) where recent bearish rejection was being demonstrated.Short-term outlook turns to

end up being bearish towards 1.1280(61.8% Fibonacci )where rate action ought to be viewed cautiously.For Intraday traders,

the price zone around 1.1280 stands as a popular demand area to be expected a possible Bullish pullback if enough bullish rejection is expressed.On the other hand, bearish breakdown below 1.1280 breaks the ice for additional bearish decline towards 1.1250-1.1210.

Trade recommendations: A valid OFFER entry was suggested around 1.1300-1.1320. It’s already running in profits.TP levels to be located around 1.1280 and

1.1250 and 1.1210. SL must be decreased to 1.1310(entry level)to offset the risk.The product has been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander

Elliott wave analysis of GBP/JPY for April 16, 2019 888011000 110888 After a nice run higher from 144.90 GBP/JPY is combining. We anticipate assistance near 145.95 will have the ability to safeguard the drawback for restored upside pressure, through small resistance at 145.63 and more significantly a break aboveresistanceat 147.00 that will require an extension towards 148.50 on the way towards 151.50. R3: 147.00 R2: 146,63 R1: 146.30 Pivot: 145.95 S1: 145.63 S2: 145.30 S3: 144.90 Trading suggestion: We are long GBP from 146.25 with our stop put at 144.80. The product has been offered by InstaForex Business- www.instaforex.com

By | April 16, 2019

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After a nice run higher from 144.90 GBP/JPY is consolidating. We expect support near 145.95 will be able to protect the downside for renewed upside pressure, through minor resistance at 145.63 and more importantly a break above resistance at 147.00 that will call for a continuation towards 148.50 on the way towards 151.50.

R3: 147.00

R2: 146,63

R1: 146.30

Pivot: 145.95

S1: 145.63

S2: 145.30

S3: 144.90

Trading recommendation:

We are long GBP from 146.25 with our stop placed at 144.80.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander