Currency is sandwiched between the moving averages with periods of 144 and 89 (the resistance level of 82.50/60) on one side and the middle with periods of 55 and 34 (levels of support for 82.15 and 82.00) on the other.MACD histogram is located in the positive zone, has merged with its signal line and is not currently send a clear signal.
Stochastic Oscillator is in the neutral zone and generates a signal to sell USD / JPY, as the% K line falls below the% D.
Because, trust only one clear signal is very risky, 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 82.50/60 resistance level and the growth of USD / JPY to the levels of 82.80 and 83.00/10.
2. Break the level of support and reducing 82.15/00 USD / JPY to the levels of 81.60/50 and 81.25.
Resistance levels: 82.50/60, 82.80, 83.00/10
Current price: 82.29
Support levels: 82.15, 82.00, 81.60/50, 81.25
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