Buy around 112.15 towards 114.29 | 18 Diciembre 2017

18 Diciembre 2017, USD/JPY

Technical Observation:
Usd is currently trading below its weekly pivot line seen at 113.02. Last week, there's was a decline price yet I expect a rise, Usd is currently being supported above a short term support line seen at 112.15. Unless there's a clear breakout below this support with a big red candle, I expect a rejection from this line to buy Usd towards 114.29. If the line is breached, then I expect a decline towards the weekly support line seen at 108.72.
Technical Levels
Resistance levels
R1: 114.04
R2: 114.62
R3: 116.22
Pivot
113.02
Support Levels
S1: 109.82
S2: 111.42
S3: 112.44
Trade Signal
Buy around 112.15 towards 114.29

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Imelda Maseno
Analyst of «FreshForex» company
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