USDJPY intraday forecast (technical side) 2016-02-12

12 February 2016, 13:27
oleksandr bilokon
0
197

Chart: http://bi0l.blogspot.com/2016/02/usdjpy-intraday-forecast-technical-side_12.html

 

Calculated level for today:

Support (S1 / S2 / S3 = 111,33 / 110,72 / 109,72), resistance (R1 / R2 / R3 = 113,33 / 94 / 114.94).

Key resistance levels (1st from 114.17 to 112.34 at the end of the day, the 2nd of 114.48 to 113.12).

Over the past day trading depreciation was confirmed.

Indicator OsMa marked decrease in activity bearish side, which is the basis for planning of trading correction.

Given  oscillators Stochastics, expect a test of key resistance levels and levels (up H1, down H1),

where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term sales, on condition of formation of reversal signals from 2- key resistance levels, or levels (down H1), target levels are S1 / S2 / S3.

Alternative shopping makes sense provided the breakup above key resistance levels and (down H1) with goals to increase levels of R3, S1-w. 

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