Buy Usd above 114.07 towards 118.25 | 26 December 2017
26 December 2017, USD/JPY
Technical Observation:
Usd is currently trading slightly above it's monthly pivot line 112.73. This is a possible bullish dominance indication, and while the price is still above this pivot line, I expect a momentum to the upper side with my first take profit set at 114.07 and the next at 118.25. As is on the daily chart above, only a long position looks more ideal and can be advised. If you're not ready to long now, you could wait and buy usd upon a breakout above 114.07 with your take profit at 118.25.
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