Serene Education Ltd, intraday analysis on USDJPY
Below is my medium term analysis on USDJPY. Please be advised that should you wish to take the trade, this must be done off your own FX analysis using the training that you have received.
Intraday chart setup USDJPY 30min
Preference: LONG positions @ 89 with 89.5 & 90 as next targets.
Alternative scenario would be to: The downside penetration of 88.95 will call for a slide towards 88.65 & 88.3.
RSI has broken above its declining trend line, the pair remains on the upside and is challenging its resistance.
Trend: ST Ltd Upside; MT Range
Pivot: 88.95.
Key levels
90.35** Intraday resistance
90** Intraday resistance
89.5** Intraday resistance
89.36 Last
88.95** Intraday pivot point
88.65** Intraday support
88.3** Intraday support
GHTime Code(s): 3a1f7
