Thread: USD/JPY Latest Analysis

The pre-planned long positions have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked activity parity of both parties does not clarify the choice of planning priorities for today. Hence, considering assumed probable rate range movement we can assume its upside movement. However, the case of probable false breakout cannot be ruled out with rate return to close border of Ichimoku cloud for further test of Senkou Span B line. While taking decisions it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions the targets will be 95,30 and (or) further 95,80, 96,10/30.

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The pre-planned long positions have been implemented with the overlap of main estimated target. OsMA trend indicator, having marked a sign of rate overbought during testing of upper border of channel with further rebound. At the moment bearish activity decline can be seen. On the assumption of it we can suppose another test of channel upper border where it is recommended to reevaluate the development of the activity of both parties in accordance with the charts of shorter time interval. In case of rebound short-term targets for sales will be 95,20/40 and further 94,80/95,00, 94,50. The break-out variant for buying positions will be above 96,00 with the targets of 96,50/70, 97,80.
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