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Sell Usd below 105.59 towards 100.00

Sell Usd below 105.59 towards 100.00 | 19 March 2018

19 March 2018, USD/JPY

Sell Usd below 105.59 towards 100.00
Technical Observation:
USD is currently trading with an increasing bearish momentum. Earlier today, I saw a main drop in price but has not gone below last week's lowest low 105.59. I'm waiting for a decline below this support to short this pair with my take profit at 100.00. Alternatively, you could wait for a pullback towards 106.32-106.39 to short this pair. On the other side, should the price break above 106.39, then I expect a surge towards 107.25.
Technical Levels
Resistance levels
R1: 106.52
R2: 106.83
R3: 107.72
Pivot
105.93
Support Levels
S1: 104.15
S2: 105.04
S3: 105.62
Trade Signal
Sell Usd below 105.59 towards 100.00

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Imelda Maseno
Analyst of «FreshForex» company
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