USDJPY intraday forecast (technical side) 2016-03-01

1 March 2016, 15:21
oleksandr bilokon
0
60
Calculated data levels:
Support (S1 / S2 / S3 = 112,60 / 28 / 111.77) and resistance (R1 / R2 / R3 = 113,61 / 93 / 114.43).
Key resistance levels (1st from 112.64 to 113.26 at the end of the day, the 2nd of 113.09 to 113.14).
Over the past day trading depreciation was confirmed.
Indicator OsMa marked decrease in activity Vedmezha side, which is the basis for planning of trading correction.
Given the orientation of oscillators Stochastics, expect a test of key resistance levels and levels (up H4, 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 the key resistance levels, or levels (down H1), target levels are S1 / S2 / S3.
Alternative shopping makes sense provided the breakdown above key resistance levels and (down H1) with the objectives of growth to levels R1, R2, R1-w.

Chart : http://bi0l.blogspot.com/2016/03/usdjpy-intraday-forecast-technical-side.html 


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