USD/JPY, 30 min
Pivot: 109.34
Analysis:
Provided that the currency pair is traded below 109.50, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 109.34
- Take Profit 1: 109.15
- Take Profit 2: 109.00
Alternative scenario:
In case of breakout of the level 109.50, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 109.50
- Take Profit 1: 109.65
- Take Profit 2: 109.80
Comment:
Technically RSI shows the possibility of a downtrend during the day.
Key levels:
Resistance ---- Support
109.80 --------- 109.15
109.65 --------- 109.00
109.50 --------- 108.85
USD/JPY, D1
Pivot: 109.38
Analysis:
While the price is below 109.70, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 109.38
- Take Profit 1: 108.30
- Take Profit 2: 107.50
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 --------- 108.30
111.00 --------- 107.50
109.70 --------- 106.10
USD/SGD Forecast Fundamental Analysis | US Dollar / Singapore Dollar
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