USDJPY intraday forecast (technical side) 2016-03-30

30 March 2016, 02:51
oleksandr bilokon
Calculated data levels:
Support (S1 / S2 / S3 = 112,58 / 29 / 111.84) and resistance (R1 / R2 / R3 = 113,48 / 77 / 114.22).
Key resistance levels (1st from 113.04 to 113.17 at the end of the day, the 2nd of 113.19 to 112.19).
Indicator OsMa marked increase in activity in bulls breakdown and key levels (up H1 broken) when tested (up H4 broken), which is the basis for planning of trading operations correction dominated sales.
Given the orientation of oscillators Stochastics, expect a test levels S1, (up H1 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 the target levels are S1, S2, down H4 broken, and when breakdown below S3.

Alternative purchase, provided the formation of rollback signals (down H4 broken) with the objectives of the key growth levels.


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