USD / JPY
Now look at the indicators:
Exchange rate is below the moving averages with periods of 89 and 144, which are strong levels of support for 90.90 and 90.20/00, but above average with periods of 55 and 34 – resistance levels 91.20/30 and 91.50 respectively.
The MACD histogram is located in the negative zone, began to decline in the near future may cross its signal line downwards, and thereby generate a signal to sell the dollar / yen.
Stochastic Oscillator is in the neutral zone and has already formed such a signal as the% K line crossed the line% D top-down and start to fall below it.
Therefore, as a confirmation that the market can return the aggressive sellers of dollar / yen, it remained only to wait for the breakdown level of support to 90.90/80, which could open the way for the bears to the levels of 90.20/00 and 89.40.
Resistance Levels: 91.00, 91.30/50, 91.80, 92.00/10, 92.50, 92.70, 93.00
Current price: 90.96
Levels of support: 90.90/80, 90.50, 90.20/00, 89.70, 89.50, 89.30, 89.10/00