Look for a long position towards 113.20 | 11 Octubre 2017

11 Octubre 2017, USD/JPY

Look for a long position towards 113.20

Technical Observation:

As I said before, Usd merely tested the support line 112.29 but could not close below it. I believe this is a false breakout and indicates that the bulls are in complete control. Since the daily candle is a pin bar, I expect a surge upwards towards 113.20 and could breakout higher but should not go beyond 118.00. If the price can descend below 112.29, then this will call for a short position towards 110.00

Technical Levels

Resistance levels

R1: 112.98

R2: 113.17
R3: 113.64
Pivot
112.72
Support Levels
S1: 111.75
S2: 112.22

S3: 112.51

Trade Signal

Look for a long position towards 113.20

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.