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Flat

30 November 2017, USD/JPY

Flat
Technical Observation:
Recently, Usd retraced a bit higher than I expected. Unless there's a clear sell signal on Usd, I choose to remain flat on Usd. My expectations are that the price should continue to retrace higher towards 112.55 where there's a potential supply. A breakout higher will push the price upwards towards 114.33 which a major daily resistance line. As it on the daily chart, I choose to remain flat, and only short Usd around 112.55 or at 114.33. The best place to pick a short is at the daily sell line 114.33.
Technical Levels
Resistance levels
R1: 111.92
R1: 112.63
R3: 113.73
Pivot
111.80
Support Levels
S1: 109.34
S2: 110.43
S3: 110.82
Trade Signal
Flat

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Imelda Maseno
Analyst of «FreshForex» company
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