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EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Apr 15, 2019

USD/JPY: technical analysis 15 April 2019, 12:20


Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 112.10
Take Profit 112.80
Stop Loss 111.80
Key Levels 110.65, 110.83, 111.00, 111.15, 111.30, 111.45, 111.55, 111.82, 112.13, 112.48, 112.83
Alternative scenario
Recommendation SELL STOP
Entry Point 111.45
Take Profit 111.00
Stop Loss 111.75
Key Levels 110.65, 110.83, 111.00, 111.15, 111.30, 111.45, 111.55, 111.82, 112.13, 112.48, 112.83
USD/JPY, H4
On the 4-hour chart, the upward movement is being corrected, the pair is trading near the upper border of Bollinger bands, the price range is expanded, indicating a likely resumption of growth. The MACD histogram is in the positive area, the signal line crosses the zero one and the body of the histogram upwards, forming a signal to open long positions. Stochastic crossed the overbought zone downwards, forming a sell signal.

USD/JPY, D1
On the daily chart, the instrument is moving within a sideways channel formed by the middle line and the upper border of Bollinger bands, the upward trend is still relevant. The MACD histogram is around ​​the zero line, its volumes are minimal. Stochastic is in the neutral zone, the signal line of the oscillator reversed upwards.

Key levels
Resistance levels: 112.13, 112.48, 112.83.
Support levels: 111.82, 111.55, 111.45, 111.30, 111.15, 111.00, 110.83, 110.65.
Trading tips
Long positions can be opened from the level of 112.10 with the target at 112.80. Stop loss is 111.80.
Short positions can be opened from the level of 111.45 with the target at 111.00 and stop loss 111.75.
Implementation period: 1–3 days.

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