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Short USD from 109.17

Short USD from 109.17 | 20 April 2017

20 April 2017, USD/JPY

Short USD from 109.17
Technical Observation:
Nothing has changed much since my previous forecast; the pending sell limit order I placed at 109.17 was opened yesterday at 16:00. From the 4 hour chart, a move to the lowerside has higher chances but i cannot refute the possibility price breaking above 109.17 and continuing up. My advice therefore, if you opened a trade at 109.17, hold onto to this position with your TP at 108.27.
Technical levels: Resistance levels
R1: 108.9
R2:109.01
R3109.21
Pivot Point 108.82 Support Levels
S1: 108.42
S2: 108.62
S3: 108.71
Trade Signal
Short USD From 109.17 towards 108.27

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Imelda Maseno
Analyst of «FreshForex» company
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