Sell Usd around 114.38 | 08 November 2017
08 November 2017, USD/JPY
Technical Observation:
Also here, nothing has changed much, Usd is still dilly dallying around 114.38. I went short around 114.38 and is still holding onto this position. My expectations is that the price should continue to drop towards 108.25 or even lower. If you didn't short this pair yesterday, you could place a pending sell limit order around 114.38, with your stop loss above 114.79 and take profit at 108.25
Technical Levels
Resistance levels
R1: 114.36
R2: 114.63
R3: 115.32
Pivot
114.30
Support Levels
S1: 112.58
S2: 113.26
S3: 113.67
Trade Signal
Sell Usd around 114.38 with your stop loss above 114.79 and take profit at 108.25.
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.
