Source: PaxForex Premium Analytics Portal, Technical Insight
US: JOLTS job openings totaled 7.367 million in February:
- The forecast was 6.9 million; prev. 6.917 million;
- 3.357 million people quit their jobs in February compared to 3.311 million before. The layoff rate was 2.3% vs. 2.3% previously;
- 3.8% of departures vs. 3.7% previously;
- Temporary layoffs and furloughs 1.2% vs. 1.2% previously.
USD/JPY, 30 min
Pivot: 109.80
Analysis:
Provided that the currency pair is traded below 110.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 109.80
- Take Profit 1: 109.55
- Take Profit 2: 109.40
Alternative scenario:
In case of breakout of the level 110.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 110.00
- Take Profit 1: 110.25
- Take Profit 2: 110.55
Comment:
Technically RSI shows the possibility of a downtrend during the day.
Key levels:
| Resistance | Support |
| 110.55 | 109.55 |
| 110.25 | 109.40 |
| 110.00 | 109.20 |
USD/JPY, D1
Pivot: 110.16
Analysis:
While the price is above 108.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 110.16
- Take Profit 1: 111.35
- Take Profit 2: 112.20
Alternative scenario:
If the level 108.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 108.00
- Take Profit 1: 107.00
- Take Profit 2: 106.10
Comment:
RSI shows a medium-term uptrend.
Key levels:
| Resistance | Support |
| 113.00 | 108.00 |
| 112.20 | 107.00 |
| 111.35 | 106.10 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD – buy above 1.1840 with 1.1920 and 1.1940 targets as Take Profit. Alternative scenario - if the level 1.1840 is broken-down, sell with the TP 1.1820 and 1.1800.
GBP/USD - short positions below 1.3845 with 1.3800 and 1.3780 targets as Take Profit. Alternative scenario - if the level of 1.3845 is broken-out, buy with the targets 1.3865 and 1.3890 as Take Profit.
USD/CHF - sell below 0.9340 with 0.9270 and 0.9250 as Take Profit targets. Alternative scenario - if the level of 0.9340 is broken-out, you should consider buying with the targets 0.9365 and 0.9390 as Take Profit.
