17 Julio 2017, USD/JPY
Technical Observation:
On the last trading day, Usd broke out below the support line 112.94 with a big green candle, this is perfectly inline with the last trading day's forecast and is a potential sign that bearish have gained an edge above bulls. With that in mind, I'm waiting for a pullback towards the just broken line, 112.94, to short Usd towards the support line 111.82. A clear breakout below 111.82 may push the price further downwards towards 110.80. On the 4 hour chart above, this pair looks bearish and buying it, as it is, may not be the best option. My advice, wait for a pullback towards 112.94 to pick a short order.
Technical levels:
Resistance levels
R1: 113.65