Short towards 104.41 | 22 Noviembre 2017

22 Noviembre 2017, USD/JPY

Short towards 104.41
Technical Observation:
After bouncing off from the daily resistance line 114.30, Usd has been trading with an increasing bearish bias, and is still showing signs of falling even further. Just the other day, a slight pullback was seen and now the price is rallying even lower. I expect further momentum towards 108.41 or even lower. The key hurdles on the lower side include 111.20, 110.10 and 108.41, if these three lines are breached, then I expect further decline towards 101.30. On the other side, a buy position may be advised if the price goes above 114.30.
Technical Levels
Resistance levels
R1: 113.35
R2: 113.64
R3: 114.24
Pivot
113.10
Support Levels
S1: 111.84
S2: 112.44
S3: 112.75
Trade Signal
Short towards 104.41

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.