Analysis on USDJPY 1.10.2019

Analysis on USDJPY 1.10.2019

Written by: PaxForex analytics dept - Tuesday, 01 October 2019 0 comments
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 108.50
• Take Profit Level: 109.00 (50 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 108.10
• Take Profit Level: 107.80 (30 pips)



GOLD
A possible short position in the breakdown of the level 1458.00

EURUSD 
A possible short position in the breakdown of the level 1.0870

USDCHF
A possible long position at the breakout of the level 1.0000

GBPUSD
A possible short position in the breakdown of the level 1.2260