Sell Usd around 114.38. | 07 November 2017
07 November 2017, USD/JPY
Technical Observation:
Yesterday, a false breakout was seen price rose above 114.38, but ended up closing below it. The other day's candle is a bearish pin bar candle closing below a key daily resistance line 114.38. Unless there's a clear bearish breach above this line, I expect a sell signal around this line. That said, I remain flat temporarily and short Usd around 114.38 towards 108.25. My advice, sell Usd around 114.38.
Technical Levels
Resistance levels
R1: 114.36
R2: 114.63
R3: 115.32
Pivot
113.90
Support Levels
S1: 112.58
S2: 113.26
S3: 113.67
Trade Signal
Sell Usd around 114.38.
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.
