USD/JPY, 30 min
Pivot: 108.87
Analysis:
Provided that the currency pair is traded above 108.60, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 108.87
- Take Profit 1: 109.10
- Take Profit 2: 109.25
Alternative scenario:
In case of breakdown of the level 108.60, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 108.60
- Take Profit 1: 108.45
- Take Profit 2: 108.30
Comment:
Technically RSI shows the possibility of an uptrend during the day.
Key levels:
Resistance --- Support
109.45 -------- 108.60
109.25 -------- 108.45
109.10 -------- 108.30
USD/JPY, D1
Pivot: 109.02
Analysis:
While the price is above 108.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 109.02
- Take Profit 1: 111.35
- Take Profit 2: 112.20
Alternative scenario:
If the level 108.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 108.00
- Take Profit 1: 107.00
- Take Profit 2: 106.10
Comment:
RSI shows a medium-term uptrend.
Key levels:
Resistance --- Support
113.30 -------- 108.00
112.20 -------- 107.00
111.00 -------- 106.10
EUR/USD Forecast Fundamental Analysis | Euro / US Dollar
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