USDJPY intraday forecast (technical side) 2016-05-27

27 May 2016, 05:53
oleksandr bilokon
0
39

Chart: https://bi0l.blogspot.com/2016/05/usdjpy-intraday-forecast-technical-side_26.html

Calculated daily level:

Support (S1 / S2 / S3 = 109,482 / 290 / 108.980), resistance (R1 / R2 / R3 = 110,103 / 110,295 / 606).

Key level (1st from 109.770 to 109.839 at the end of the day, the 2nd of 110.197 to 109.923).

Indicator OsMa marked decrease in activity bears, which is the basis for planning of trading correction.

Given the orientation of oscillators Stochastics, forward test (down 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 formation of reversal and decline rate is the target levels (up D1, S1, S2).

Shopping sense the condition of forming a reversal of levels (up D1) with goals to increase (R1, down W1), and (or) provided for breakdown above (R2, R1 W1, R3). 

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