Technical Analysis 31/03/2015 Asian market Report

USD/JPY

Summary
Target Level 119.145
Target Period 21 hours

Analysis
Channel Up identified at 30-Mar-21:30 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.145 within the next 21 hours.

Supporting Indicators
RSI above 60

Resistance Levels
(B) 120.232 Last resistance turning point of Channel Up.

Support Levels
(A) 119.145 Last support turning point of Channel Up.

GOLD

Summary
Target Level 1189.4442
Target Period 5 hours

Analysis
Triangle has broken through the resistance line at 30-Mar-21:00 2015 GMT. Possible bullish price movement forecast for the next 5 hours towards 1,189.444.

Supporting Indicators
Upward sloping Moving Average

Resistance Levels
(B) 1186.62 Last resistance turning point of Triangle.

Support Levels
(A) 1184.95 Last support turning point of Triangle.

Source : STO/Autochartist

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