18 Septiembre 2018, USD/JPY
Technical observation
USD/JPY retraced to the key support zone 111.79-111.72 as predicted yesterday, price could not penetrate below the zone and was rejected, it is currently moving up and I expect a rally towards the line 112.53 and a possible breakout above it for a further rise in price ,I bought this pair within 111.79-111.72 and I will maintain this position with my ideal target at 112.53 and stop loss slightly below 111.72.In case of a breakout above 112.53 with a big green candle, wait for a correction to it before you continue long with this pair. Only long positions look ideal and can be recommended on the 4 hour chart above.
Technical levels
Resistance levels
R1.111.02
R2.112.03
R3.112.07
Pivot
111.101
Support levels
S1.111.97
S2.111.95
S3.111.91
Trade signal
Remain long.
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