Long around 111.85 with your take profit at 112.92 | 30 June 2017

30 June 2017, USD/JPY

Technical Observation
Recently, Usd retraced back for the second time to my buy line 111.85. Unless this level is clearly breached to the lower side with a big red candle, I expect rejection from this line to buy Usd towards 115.01. On the 4 hour chart, now is the best time to long Usd with a Stop loss slightly below 111.72 and Take profit at 112.92. My recommendation, look for long positions now.
Technical levels:
Resistance levels
R1: 112.66
R2: 113.35
R3: 114.47
Pivot
112.24
Support Levels
S1: 110
S2: 111.12
S3: 111.54
Trade Signal
Long around 111.85 with your take profit at 112.92

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .