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Long Usd around 111.85 towards 115.00

Long Usd around 111.85 towards 115.00 | 28 June 2017

28 June 2017, USD/JPY

Long Usd around 111.85 towards 115.00
Technical Observation
Recently, A breakout was seen when Usd rose above the 4 hour resistance line 111.85 and is still above. I expect a pullback to the just broken line to long Usd towards 115.00. On the 4 hour chart above, long positions seems more ideal unless 118.85 is clear broken to the lower side with a big red candle, but until then I'm looking for long positions.
Technical levels:
Resistance levels
R1: 112.68
R2: 113.07
R3: 114.08
Pivot
112.07
Support Levels
S1: 110.06
S2: 111.06
S3: 111.67
Trade Signal
Long Usd around 111.85 towards 115.00

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Imelda Maseno
Analyst of «FreshForex» company
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