Flat | 10 October 2017

10 October 2017, USD/JPY

Flat

Technical Observation:

No clear signal just yet. Usd continues consolidate around Friday's opening and closing price But I expect it to drop. As it is, its good to remain flat and wait for a minor pullback towards 112.29, or even a breakout to the lower side to continue short with an ideal target at 111.00. On the other side, if the price breaks above yesterday's highest high, then the price could rise towards 113.20 or even higher.

Technical Levels

Resistance levels

R1: 112.98

R2: 113.17
R3: 113.64
Pivot
112.71
Support Levels
S1: 111.75
S2: 112.22

S3: 112.51

Trade Signal

Flat

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Imelda Maseno
Analyst of «FreshForex» company
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