USDJPY 4H (17.08.2014) Technical Analysis Training EMA
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The USDJPY 4h Diagram Technical Analysis Training shows the following:
After a great decline, the pair stopped on EMA 100 and 1.618 of fib and reacted to EMA 50 resistance. MACD turn bearish and RSI is neutral.
The pair is on a bull market as EMA 50 is above EMA 100 that is above EMA 200.
So if the pair on Monday breaches the EMA 50 long for previous high retest at 102.6 and then for 102.8 (2.618 of fib).
Stop loss 1.618 of fib @ 102.242 (wait to stabilizes under it for 4h and watch in this scenario the EMA 100 support)
The USDJPY 4h Diagram Technical Analysis Training shows the following:
After a great decline, the pair stopped on EMA 100 and 1.618 of fib and reacted to EMA 50 resistance. MACD turn bearish and RSI is neutral.
The pair is on a bull market as EMA 50 is above EMA 100 that is above EMA 200.
So if the pair on Monday breaches the EMA 50 long for previous high retest at 102.6 and then for 102.8 (2.618 of fib).
Stop loss 1.618 of fib @ 102.242 (wait to stabilizes under it for 4h and watch in this scenario the EMA 100 support)
