USDJPY intraday forecast (technical side) 2016-03-29

29 March 2016, 12:58
oleksandr bilokon
0
40
Calculated data levels:
Support (S1 / S2 / S3 = 113,21.09 / 112,88), resistance (R1 / R2 / R3 = 113,63 / 75/96).
Key support levels (1st from 113.03 to 113.35 at the end of the day, the 2nd of 112.80 to 113.16).
Indicator OsMa marked increase in activity when tested bulls (up H4 broken), and bears during testing R1-w, which is the basis for planning of trading correction.
Given the orientation of oscillators Stochastics, expect a test levels R1, R2, (up H4 broken), 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 rollback and depreciation below 1's key target levels are the levels R1, R2, or levels (EMA120) R3.

For shopping, provided rollback of the key objectives of growth levels are R1, R2, and provided return to trend (up H4 broken) - to R3.

Chart: http://bi0l.blogspot.com/2016/03/usdjpy-intraday-forecast-technical-side_29.html 

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