CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


SUPPORT LEVELS : 14.9982


RESISTANCE LEVELS: 14.19229



PAIR ANALYSIS :

The HKD/JPY currency pair pattern is in a slighty bearish trend but it could be possible that it can be dominated by a trendless parallel channel considering the two keys level price at 14.9982 and 14.19229. The Linear Regression Slope at -0.02, the MFI and the Parabolic Sar can support the validity of the channel constrains. A bearish passage at 14.19229 can validate a bearish trend. A bullish crossing at 14.9982 it facilitate the bullish monopoly. The JPY speculation could suggest also some take profit for the fiscal Japanese conditions, so it is possible a secondary bullish retracement around the support line. Also the Low Bollinger Band could be utilized as possible buy.
It could be opened a buy lim position at 14.19229 with TP at 14.36822 and SL 14.0029
It can be formulated a forecast level price at 14.36822.



FIGURE 1 shows the trendline and the channel



FIGURE 2 indicates the forecasting pattern

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