Currency is sandwiched between the moving average 89, 55 and 34 (levels of support 82.20, 82.00 and 81.90) on the one hand, and the average with a period of 144 (the resistance level of 82.50) on the other.MACD histogram is located in the positive zone at the moment trying to cross its signal line upwards and thereby generate a signal to buy USD / JPY.
Stochastic Oscillator is in the overbought zone and have already filed such a signal, since 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 this currency pair may be amplified in bullish mood, we need to wait for the breakdown of the resistance level of 82.50/60, which will open the path to levels of 83.00/10 and 83.50 / 60.
Resistance levels: 82.50/60, 82.80, 83.00/10, 83.50/60
Current price: 82.43
Support levels: 82.20, 82.00, 81.80, 81.50, 81.25, 80.90, 80.60
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