Exchange rate still lies below the moving averages with periods of 34, 144, 89 and 55, which are directed downward and points to the continued bearish sentiment, as well as are the levels of resistance to 82.45/55 and 82.85.MACD histogram is located in the negative zone, but slightly above its signal line, continues to rise very slowly and thus gives no clear signal to buy USD / JPY.
Stochastic oscillator is in oversold territory and creates a similar, but just not a clear signal as the% K line only crossed the line% D from the bottom up, but not yet started to rise above it.
The absence of clear signals, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 81.90 resistance level and the growth of USD / JPY to levels of 82.20 and 82.40/50.
2. Break the level of support and reduction of 81.60 USD / JPY to a local minimum of 81.25.
Resistance Levels: 81.90, 82.20, 82.40/50
Current price: 81.68
Support levels: 81.60/50, 81.25, 81.00
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