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USDJPY Technical analysis 15 August 2018

2018-08-14 11:04 pm | Resource: Technical Analysis | No Views : 52

Time frame Used - four hours
The USDJPY is moving in a bullish direction in the near term
USDJPY CHART
   The purchasing power managed to control movement of the USDJPY to breach the USDJPY resistance level of 110.85 to the upside
  In view of the technical indicators
Both the RSI and the Stochastic are indicating to improved performance
Accordingly, we expect that  the USDJPY to test levels of  111.11 - 111.67 - 111.85
  The alternative scenario is that  the USDJPY retreated to the 110.56 level
Resistance: 111.17. - 111.67 - 111.85
Support: 110.56 - 110.28 - 110.00
Direction: Up
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