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flat

flat | 01 December 2017

01 December 2017, USD/JPY

flat
Technical Observation:
the price continues to rise even despite the previous forecast that it could decline in value. For the past two day, Usd has been on the rise and may continue to rise, I'm waiting for a breakout above the short term resistance line 112.54 to buy Usd with my take profit fixed at 114.16. As it on the daily, I'm only waiting for this breakout to buy usd, unless there's this breakout I choose to remain flat. If the price is rejected from 112.54, then I'll be looking for a short position with my take profit at 108.45
Technical Levels
Resistance levels
R1: 114.92
R1: 113.63
R3: 112.73
Pivot
112.60
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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