Short USD towards 106.63 | 05 June 2017

05 June 2017, USD/JPY

Short USD towards 106.63
Technical Observation
For the past three week, USD has made lower highers consistently, I expect further decline in price unless the daily resistance line 111.82 is clear breached to the upper side with a big green candle. On the weekly chart above, short positions seems more ideal towards the weekly support 106.63, and may extend further low towards 100.78
Technical levels:
Resistance levels
R1: 112.02
R2: 112.71
R3: 113.98
Pivot Point
111.44
Support Levels
S1: 108.9
S2: 110.17
S3: 110.75
Trade Signal
Short USD towards 106.63

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Imelda Maseno
Analyst of «FreshForex» company
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