USDJPY intraday forecast (technical side) 2016-03-31

31 March 2016, 02:44
oleksandr bilokon
0
36
Calculated data levels:
Support (S1 / S2 / S3 = 112,11 / 111,92 / 111,62), resistance (R1 / R2 / R3 = 112,71 / 90 / 113.20).
Key resistance levels (1st from 113.17 to 112.45 at the end of the day, the 2nd of 113.19 to 112.90).
OsMa marked divergence indicator and the corresponding increase in the activity of bulls, which is the basis for planning of trading correction.
Given the orientation of oscillators Stochastics, expect a test levels S1, (up H4), 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 EMA24,120 levels and reduced rate target levels are S1, up H4,, and at the breakdown below S2, S3, down H4 broken.

Alternative purchase, provided the formation of rollback signals (S1, up H4) with the objectives of the key growth levels, R1, R2, and provided the breakdown - R3, R1-w, down H4.

Chart: http://bi0l.blogspot.com/2016/03/usdjpy-intraday-forecast-technical-side_30.html 

Share it with friends: