Short Usd Now towards 110.30. | 29 November 2017

29 November 2017, USD/JPY

Short Usd Now towards 110.30.
Technical Observation:
For a second time now, Usd has pulled back to my sell zone 111.77-111.64. If you're an intraday trader, then this is the best time to pick a short position towards 110.30, you stop loss should be slightly above the previous day's highest high 111.65. As it is on the daily chart above, only a short position can be advised. A buy position can be recommended in case the price breaks above 111.77, and even then, a clear confirmation is needed to confirm further rise towards 114.30.
Technical Levels
Resistance levels
R1: 111.92
R1: 112.63
R3: 113.73
Pivot
111.60
Support Levels
S1: 109.34
S2: 110.43
S3: 110.82
Trade Signal
Short Usd Now towards 110.30.

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Imelda Maseno
Analyst of «FreshForex» company
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