Technical Analysis from www.Instaforex.com

[BudakFx]

Technical analysis of USD/JPY for October 27, 2015 2015-10-27 5/5




In Asia, Japan will release data on the SPPI y/y. The US will publish economic data on the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Resistance. 3: 121.38. Resistance. 2: 121.14. Resistance. 1: 120.91. Support. 1: 120.61. Support. 2: 120.38. Support. 3: 120.14. Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2015

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[BudakFx]

EUR/USD:





This pair has rather traded sideways so far this week consolidating in the near term. One thing that causes the current bearish journey is the fact that the price is close to the psychological level at 1.1000, and it needs exceptional bearish stamina to breach it to the downside. The major bias is bearish and when momentum returns to the market, it would most probably favor bears.

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[BudakFx]

USD/CHF:





The USD/CHF pair has assumed its upward journey, which started last week. The price is now above the support level at 0.9850, going towards the resistance level of 0.9900. That resistance level is the second target for this week, and the target could be attained easily in the face of ongoing buying pressure in the market.

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[BudakFx]

GBP/USD:





The market remains weak though it is yet to experience a significant downward trend just like the EUR/USD pair. There is a Bearish Confirmation Pattern in the chart. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level of 50. Further movement to the south is therefore logically anticipated.

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[BudakFx]

USD/JPY:




The USD/JPY pair, which traded strongly northwards last week, has been corrected lower so far. The price has come down by 110 pips this week, but the bias is still bullish. The bullish bias would remain valid as long as the demand level at 119.50 is not breached to the downside.

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[BudakFx]

EUR/JPY:





This cross has continued its bearish journey in a determined manner. The price is now slightly below the supply zone of 113.00; and the bearish bias is supposed to continue, owing to the current weakness in the EUR and stamina in the JPY. For this bias to be reversed, the EUR would need to become stronger than the JPY, which might not be possible this week.

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[Jeb]

GBP/USD:





The market remains weak though it is yet to experience a significant downward trend just like the EUR/USD pair. There is a Bearish Confirmation Pattern in the chart. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level of 50. Further movement to the south is therefore logically anticipated.

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diharap gu mggu ni boleh terus mendaki

 

[Jeb]

EUR/JPY:





This cross has continued its bearish journey in a determined manner. The price is now slightly below the supply zone of 113.00; and the bearish bias is supposed to continue, owing to the current weakness in the EUR and stamina in the JPY. For this bias to be reversed, the EUR would need to become stronger than the JPY, which might not be possible this week.

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nmpak trend mcm nak menurun tu

 

[Jeb]

USD/JPY:




The USD/JPY pair, which traded strongly northwards last week, has been corrected lower so far. The price has come down by 110 pips this week, but the bias is still bullish. The bullish bias would remain valid as long as the demand level at 119.50 is not breached to the downside.

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amma jauh tu nak tggu dia break

 

[BudakFx]

EUR/USD:





After moving sideways from Monday to Tuesday, this pair broke further downwards on Wednesday in a simple conjunction with the current bearish outlook. The great psychological level at 1.1000 has been overcome by bears as the price tested the support line at 1.0900, which could be broken to the downside in case the current selling pressure continues.

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