Forex Analysis: 20 Mar 2017, 07:58 UTC+00

USD/JPY analysis for March 20, 2017

analytics58cf9879b5b22.png

Show full picture

Recently, the USD/JPY pair has been trading downwards. The price tested the level 112.43. Anyway, according to the 15M time frame, I found hidden bullish divergence on the moving average oscilator and a broken falling wedge (bullish). My advice is to watch for potential buying opportunities. Targets are set at the price of 113.15 and 113.40.

Resistance levels:

R1: 112.73

R2: 112.77

R3: 112.85

Support levels:

S1: 112.60

S2: 112.55

S3: 112.50

Trading recommendations for today: watch for potential buying opportunities.


Performed by
analytical expert: Petar Jacimoviс
InstaForex Group © 2007-2017
 Published: 20 Mar 2017, 07:58 UTC+00

 
Recommend: Forex Analytics
 
Technical analysis of EUR/USD for Apr 26, 2017
26 Apr 2017, 07:17 UTC+00   
Views today 1744
Technical analysis of GBP/JPY for April 26, 2017
26 Apr 2017, 08:47 UTC+00   
Views today 1737
Technical analysis of NZD/USD for April 26, 2017
26 Apr 2017, 08:49 UTC+00   
Views today 1737
Technical analysis of USD/CHF for April 26, 2017
26 Apr 2017, 08:53 UTC+00   
Views today 1734
Technical analysis of USD/JPY for April 26, 2017
26 Apr 2017, 09:00 UTC+00   
Views today 1734