Analysis on USDJPY 4.10.2018

Analysis on USDJPY 4.10.2018
Written by: PaxForex analytics dept - Thursday, 04 October 2018

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 114.80
• Take Profit Level: 116.00 (120 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 114.00
• Take Profit Level: 113.60 (40 pips)

GOLD
Possible long position at the breakout of the level 1203.00

EURUSD
Possible short position in the breakdown of the level 1.1460

USDCHF
Possible long position at the breakout of the level 0.9930

GBPUSD
Possible short position in the breakdown of the level 1.2920

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