Forex

On the day chart it is possible to observe testing of strong  resistance level 92.00. We will remind, earlier given level was tested not unitary (on February, 5,6,9,13th and 16), but has not been break. Nevertheless exchange rate is located above sliding averages 55, 13, 21 and 34 that specifies in possible growth of dollar against yen. At the same time oscillators RSI and Stohastic are located in overbuying zone and specify possible decrease in dollar.

On 4 hour chart as there are contradictions in signals of indicators. On the one hand the auctions continue pass in frameworks of a short-term ascending trading corridor, the exchange rate is located above averages 34, 55, 89 and 144, but with another - histogram MACD forms divergence that in turn specifies in possible decrease in dollar.

In the circumstances brave traders can reflect on new orders opening on the sale, the first purpose will be thus located at level 91.00, further on 90.70/50 and 90.30/00.

To conservative traders is better to remain out of the market.