USDJPY intraday forecast (technical side) 2016-04-26

26 April 2016, 14:45
oleksandr bilokon


Calculated data levels:

Support (S1 / S2 / S3 = 111,04 / 111,90 / 110,66), resistance (R1 / R2 / R3 = 111,68 / 92 / 112.31).

Key level (1st from 110.53 to 110.55 at the end of the day, the 2nd of 110.84 to 111.21).

Indicator OsMa krverhentsiyu noted that there is a basis for planning of trading correction.

Given the orientation of oscillators Stochastics, expect a test S1-m, 2 key levels, (down H1, middle of Up H4 channel), 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 of 2 key levels and reduced rate target levels is S2, the first key level and below in the breakdown to (S3, Up H4 channel, EMA 521,120).

Alternative purchases are meaningful breakdown provided above 2 and key (middle of Up H4 channel) with goals to increase R1, R2, R1-w.


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