CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 16.008 - 15.87
RESISTANCE LEVELS: 15.32987
PAIR ANALYSIS :
The HKD/JPY is in a bullish tone within a bullish triangle pattern indicated in FIG 1. The pair pattern shows the considerable slope of the support line. The MFI around 68.12, the spatial distribution of the Parabolic Sar and the Linear Regression Slope around 0.02 suggest a great domination of the bullish tendency. A bearish crossing 15.32987 can validate a possible secondary retracement. The analysis suggests the possibility to open a buy limit position at 15.0008 with SL at 15.32987 and TP at 15.99829. It can be evaluated a forecast level price at 15.87184.
FIGURE 1 shows the bullish domination

FIGURE 2 indicates the forecasting pattern
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