Sunday, October 7, 2018

USD JPY for October 8, 2018. Buying opportunities are available with close and limited targets

The pair is currently trading above the 100-day downtrend and is almost penetrating zero levels on the MACD and giving us positive signals during early Asian trading
Main support levels 113.50
Main resistance levels 114.50
The pair's position on the price averages: The pair trades the highest levels 100 days, 26 days and 12 days positively
The pair did not break the zero level but is on the way
Expected scenario: We expect the pair to break through 114.14 but we remain close at 114.50 for fear of declines in the USD index


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