PaxForex

Analysis of JP MORGAN 18.10.2019

NYSE:JPM   JP Morgan Chase
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 121.40
• Take Profit Level: 123.00 (160 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 119.00
• Take Profit Level: 118.50 (50 pips)



USDJPY
A possible long position at the breakout of the level 108.75

GOLD
A possible short position in the breakdown of the level 1484.00

USDCHF
A possible short position in the breakdown of the level 0.9865

GBPUSD
A possible long position at the breakout of the level 1.2920

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