Usd could rise towards 113.76. | 03 July 2017

03 July 2017, USD/JPY

Technical levels:

Recently, Usd rose almost 80 pips after a rejection from the support line 111.86. Unless 111.86 is clearly breached to the lowerside with a big red candle, I expect a rise towards 113.76 and even a breakout. on the 4 hour chart above, long positions seems more ideal and can be recommended while the price is still above 111.86. I may consider short positions if 111.86 is broken, but as it is, I hold onto a bullish sentiment on this pair

Technical Leves

Resistance levels

R1: 112.77

R2: 113.41

R3: 114.52

Pivot

112.29

Support Levels

S1: 110.06

S2: 111.17
S3: 111.65
Trade Signal
Usd could rise towards 113.76.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus