AutoChartist Report Forex (Eur) 15.10.2018
The USD/JPY has just broken its downward trend line on a 30 minute time frame. This means that the correction may be over and the price is ready to continue its upward trend The pair is also trading above the 50 day (shown in green) and near the 100 day (shown in yellow) moving averages which is a further confirmation that the bulls are ready to take the control. But, if the price fails to break this 100 day moving average then we could see the price visiting the minor support level mentioned below.
The RSI is trading inline with the price action which means that the bias could be to the upside.
Important Zones
103.36-103.05 Major
Support Zone
1101.41-101.155 Minor
100.43-100.26 Major
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