USD/JPY, 30 min
Pivot: 108.27
Analysis:
Provided that the currency pair is traded above 108.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 108.27
- Take Profit 1: 108.55
- Take Profit 2: 108.70
Alternative scenario:
In case of breakdown of the level 108.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 108.00
- Take Profit 1: 107.85
- Take Profit 2: 107.60
Comment:
Technically RSI shows the possibility of an uptrend during the day.
Key levels:
Resistance --- Support
108.85 -------- 108.00
108.70 -------- 107.85
108.55 -------- 107.60
USD/JPY, D1
Pivot: 107.88
Analysis:
While the price is below 109.70, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 107.88
- Take Profit 1: 107.00
- Take Profit 2: 105.80
Alternative scenario:
If the level 109.70 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 109.70
- Take Profit 1: 111.00
- Take Profit 2: 112.20
Comment:
RSI shows a medium-term downtrend.
Key levels:
Resistance --- Support
112.20 -------- 107.00
111.00 -------- 105.80
109.70 -------- 104.90
LTC/USD Forecast Fundamental Analysis | Litecoin / US Dollar
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