A decline towards 109.73 | 30 May 2017

30 May 2017, USD/JPY

Technical Observation
As per the previous forecast, the price turned around upon hitting 111.35. Following the breakout below the bearish flag above, I expect further decline towards 109.73 and may breakout below. On the 4 Hour charts, sell positions seems more ideal and can be recommended towards 109.73. My advice, look for sell orders towards 109.73 and SL above 111.35.
Technical levels:
Resistance levels
R1: 111.36
R2: 111.48
R3: 111.69
Pivot Point
111.27
Support Levels
S1: 110.86
S2: 111.07
S3: 111.15
Trade Signal
Short USD towards 109.73

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Imelda Maseno
Analyst of «FreshForex» company
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