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Sell Usd around 114.38

Sell Usd around 114.38 | 27 October 2017

27 October 2017, USD/JPY

Sell Usd around 114.38
Technical Observation:
Usd is currently trading above its daily pivot line 114.35 but is still below the resistance line 114.38. Usd is still below a sell line, and unless the price clearly breaks above 114.38, I'm waiting for rejection from 114.38 to short Usd with my take profit at 108.25. On the way downwards, key lines can be seen at 111.80, 110.60 and 108.25. On the other side, if the price breaks above 114.38, then a rise towards 118.00 is expected.
Technical Levels
Resistance levels
R1: 112.56
R2: 113.27
R3: 114.41
Pivot
114.35
Support Levels
S1: 109.83
S2: 110.98
S3: 111.42
Trade Signal
Sell Usd around 114.38 with your take profit at 108.25.

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Imelda Maseno
Analyst of «FreshForex» company
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