Short USD around 110.65 towards 109.25 | 14 Junio 2017

14 Junio 2017, USD/JPY

Short USD around 110.65 towards 109.25
Technical Observation
Recently, USD has been trading on a steep upward trend line constantly forming higher lows. Unless this trend line is broken to the lower side, I expect a rise towards the resistance line 110.65. Only a clear breakout above this resistance line will convince me to buy USD towards 111.99. However, as it is, I expect a rejection from 110.65 to short USD towards 109.25. On the 4 Hour chart above, short positions seems more ideal around 110.65.
Technical levels:
Resistance levels
R1: 110.26
R2: 110.44
R3: 110.8
Pivot Point
110.09
Support Levels
S1: 109.37
S2: 109.73
S3: 109.9
Trade Signal
Wait and short USD around 110.65 towards 109.25

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.