Exchange rate still lies below the moving averages with periods of 144, 34, 89 and 55, which is near resistance levels, 82.60, 82.75, 82.90 and 83.00/10.MACD histogram is located in the negative zone, but continues to slowly rise in the near future can cross its signal line upwards and thereby generate a signal to buy USD / JPY.
Stochastic oscillator out of the oversold and have already filed such a signal as the% K line rises above the% D.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in a given currency pair could worsen rising correctional movement, we need to wait for the breakdown of the resistance level of 82.20, which will open the path to levels of 82.50 and 82.75.
At the same time, remember that the aggressive sellers of USD / JPY may go back to the forex market, if it is broken support level 81.60.
Resistance levels: 82.20, 82.50, 82.75
Current price: 81.91
Support levels: 81.60, 81.25, 81.00
Translate this page
