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Look for a sell order below 111.143

Look for a sell order below 111.143 | 20 August 2018

20 August 2018, USD/JPY

Look for a sell order below 111.143

Technical Observation:
Usd is currently trading below a key line 111.143. This is a potential bearish dominance indication, and while the price is below this line, I expect a possible decline in price with my take profit being 108.268. If you’re not short already, wait for a retracement towards 111.143 to pick a short position with an ideal take profit at 108.268. On the other side, only a clear rise above 111.143 will attract a long position towards 114.318. On the upperside, the next key lines to check for include 118.00 and the next at 121.
Trade Signal.
Look for a sell order below 111.143

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Imelda Maseno
Analyst of «FreshForex» company
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