Log in

USD/JPY Technical Analysis For 19th August 2015, H4

19 August 2015, USD/JPY

Technical View:

USD/JPY is trading with a bearish bias. The pair is currently trading along a significant support trend line. It is anticipated that during the cause of today, the pair may likely cross this support trend line and head further down. Furthermore, this downward movements is supported by the fact that the intraday stochastic is trading below its neutral level of 50. In alternative scenario, should the price bounce from the support trend line, long positions are recommended above the key level 124.40

Trade Recommendations:

Traders should wait for a clear breakout below the support trend line before selling the pair. Stops should be at 123.79, and the next stop at 123.38.

Graham Osano
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.