USDJPY intraday forecast (technical side) 2018-02-06

6 February 2018, 07:53
oleksandr bilokon


Calculation levels:

support (S1 / S2 / S3 = 108,941 / 640/153), support (R1 / R2 / R3 = 109.914 / 110.215 / 701).

The key resistance levels (1 st from 109,732 to 109,626 at the end of the day, 2nd from 110,055 to 109,727).

The OsMa indicator marked the growth of bears' activity.

Given the state of the Stochastics Oscillators, expect a S2, S3, down H1 test, where it is recommended to consider the activity of the parties on the charts of smaller timeframes.

For short-term sales, the input is recommended to choose at the levels of the formation of the turn signals from (down H1, S1) with targets up to S2, S3.

Alternative to purchases, under condition of breakdown down H1, with targets for key and estimated resistance levels.

Share it with friends: