Remain long towards 113.19 | 29 September 2017
29 September 2017, USD/JPY
Technical Observation
Usd is currently trading slightly above its daily pivot line 112.59. Unless there's a clear breach below this pivot, I expect a rise towards 118.00. On the way upward, key resistance line can be seen around 113.39, 114.05 and 116.00. If these lines are clearly breached, then a rise towards 118.00 is expected. On the hourly chart above, only a buy position can be recommended towards 113.19, if this line is again broken, then I'll be good to remain long with my final take profit fixed at 118.00.
Technical levels:
Resistance levels
R1: 112.93
R2: 113.55
R3: 114.51
Pivot
112.59
Support Levels
S1: 110.68
S2: 111.64
S3: 111.98
Trade Signal
Remain long towards 113.19
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
