Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

USD/JPY: corridor is between STD1 and 109.38.

Leonid Varfolomeev

Intersection of the STD1 with STH4 was held. At the same time there was a perfect rebound from an important level 4/8 (109.38), what tells about bears intentions to go to the level 2/8 (107.81). The situation remains ambiguous, therefore we can suppose a further price movement between 4/8 and STD1. Considering that STH4 has not change color, the target at the level of 4/8 is likely to be achieved. Breakdown of the aforementioned mark will lead to growth, at least to the level of 5/8 (110.16).

Trade Recommendations:

Buy – 109.60; sl – 109.15; tp – 110.15.

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