Wait for a breakout above 112.02 to buy Usd | 26 Julio 2017

26 Julio 2017, USD/JPY

Wait for a breakout above 112.02 to buy Usd

Technical Observation:

Usd is currently trading slightly below its daily pivot line 111.55 but below a key resistance line 112.02. Unless this pivot line is clearly breached to the lower side, I expect a rise towards the next resistance line 112.36 and could break higher. At the moment, according to the hourly chart above, I'm patiently waiting for a break above the resistance line 112.02 to long Usd towards the next line 112.36. If the price is contained below 112.02, then, I may reconsider a short positions towards the support line 111.56.

Technical levels:

Resistance levels

R1: 111.96

R2: 111.99
R3: 112.07
Pivot
111.55
Support Levels
S1: 111.76
S2: 111.83
S3: 111.88
Trade Signal
Wait for a break above 112.02 to buy Usd towards 112.36

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus