USDJPY - 22.01.15. The market re-testing the upper limit of the zone correction channel short-term trend 115.53-118.41. Technical analysis and forecast trends for position trading. Market movement is determined by the main purpose of the uptrend at 125.10. Upward movement of suspended lateral correction medium-term trend in the channel 114.60-123.05. Intracanal quotes movement is determined by short-term downtrend for the purpose of short-term support at 114.60. Couple suspended reduction, moving to the side of the correction in the short-term trend channel 115.53-118.41 defined by a key market levels Breakthrough bottom of the channel will continue to decline in the level of short-term support zone of 114.60, a breakthrough which opens to test the support level of 110.75 and the medium-term will mean the market turns down. Breakthrough top of the channel will open for testing short-term resistance level of 123.05 and continue to grow in the direction of the long-term target at 125.10. Trading tactics. A pair of re-testing the upper limit of the zone correction channel short-term trend 115.53-118.41. Scenario uptrend provisional target at 125.10 level remains a priority. Hold the position for the purchase in order to level 125.10 (pre) and stop-loss at 116.70. Resistance Levels: 118.41, 123.05, 125.10, 127.90. Support levels: 115.53, 114.60, 110.75, 85.90.
Posted on: Thu, 22 Jan 2015 11:15:02 +0000
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