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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 could break the mark of 100.00

Paar fixed again below STH4. It should be noted that the distance between STH4 and STD1 is small, therefore it is possible the continuation of the bearish trend. As a resistance there is the level of 1/8 (101.56), the breakdown of which will lead to a correction to the level of 2/8 (103.13). This scenario is unlikely, since, in addition to the level of 0/8 (100.00) no preconditions for growth. It is advisable to wait for the breakdown 0/8, after which the target for the bears will be the level at -1/8 (98.43).

Trade recommendation:

Sell – 99.55; tp – 98.50; sl – 100.10. 

 

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