USDJPY intraday forecast (technical side) 2016-03-08

8 March 2016, 15:40
oleksandr bilokon
0
54
Calculated data levels:
Support (S1 / S2 / S3 = 113,26 / 09 / 112.82) and resistance (R1 / R2 / R3 = 113,81 / 98 / 114.26).
Key resistance levels (1st from 113.68 to 1132.59 at the end of the day, the 2nd of 113.69 to 113.68).
Last trading day the rate of breakdown humiliation channel up H4.
Indicator OsMa marked increase in activity bears, which is the basis for planning of trading correction.
Given the state of neutral oscillators Stochastics, punched forward test levels S2, S1, (EMA24), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term sales, on condition of the depreciation of target levels is S3, S1-w. Alternative purchases correction can make sense on condition of formation of reversal of S1-w, and the return rate to the key resistance levels, or to trend down H4.

Chart: http://bi0l.blogspot.com/2016/03/usdjpy-intraday-forecast-technical-side_8.html 

video: https://youtu.be/h203OvOz_rk 

& https://youtu.be/UFTW_c3E8ew 

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