Buy Usd above 112.44 towards 118.00 | 27 Septiembre 2017
27 Septiembre 2017, USD/JPY
Technical Observation
From the highs of 112.73, Usd retraced slightly to the lower side but has recovered almost 100% the value it lost during this retracement. This is a sign bulls could soon be in control, however, as it is, the line 112.44 is a key resistance line both on the 4 hours, and the daily charts, thus, unless it is clearly breached, the price could get rejected from this line. If its broken, then the price could rise towards 118.00. My advice, wait for a breakout above 112.44, then a pullback to the just broken line to buy usd towards 118.00.
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