The pair is currently trading above the 100-day
downtrend and is almost penetrating zero levels on the MACD and giving us
positive signals during early Asian trading
Main support levels 113.50
Main resistance levels 114.50
The pair's position on the price averages: The
pair trades the highest levels 100 days, 26 days and 12 days positively
The pair did not break the zero level but is on
the way
Expected scenario: We expect the pair to break
through 114.14 but we remain close at 114.50 for fear of declines in the USD
index
USD JPY for October 8, 2018. Buying opportunities are available with close and limited targets
Reviewed by DR HISHAM M YOUNES
on
October 07, 2018
Rating:
Reviewed by DR HISHAM M YOUNES
on
October 07, 2018
Rating:
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