USDJPY intraday forecast (technical side) 2016-05-20

20 May 2016, 10:39
oleksandr bilokon


 Calculated daily level:

Support (S1 / S2 / S3 = 109,925 / 582/321), resistance (R1 / R2 / R3 = 110,267 / 429/691).

Key support levels (1st from 109.623 to 109.964 at the end of the day, the 2nd of 109.477 to 109.544).

OsMa marked divergence indicator that is the basis for planning of trading correction.

Given the state of OB oscillators Stochastics, forward test (S1, S2, up 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 breakdown (up H1) of (S2) and the depreciation of the key levels, target levels are (S1, S2, the second key level, down W1 broken, EMA 120).

Shopping sense on condition of formation of reversal (up H1) and higher breakdown (EMA 1440) with the objectives of growth to R3, R1MN.

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