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Sell Usd around 114.38.

Sell Usd around 114.38. | 07 November 2017

07 November 2017, USD/JPY

Sell Usd around 114.38.
Technical Observation:
Yesterday, a false breakout was seen price rose above 114.38, but ended up closing below it. The other day's candle is a bearish pin bar candle closing below a key daily resistance line 114.38. Unless there's a clear bearish breach above this line, I expect a sell signal around this line. That said, I remain flat temporarily and short Usd around 114.38 towards 108.25. My advice, sell Usd around 114.38.
Technical Levels
Resistance levels
R1: 114.36
R2: 114.63
R3: 115.32
Pivot
113.90
Support Levels
S1: 112.58
S2: 113.26
S3: 113.67
Trade Signal
Sell Usd around 114.38.

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Imelda Maseno
Analyst of «FreshForex» company
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