Sell Usd around 114.30 | 21 November 2017
21 November 2017, USD/JPY
Technical Observation:
Usd continues to pullback upwards despite the previous forecast that it could continue to fall. The upward rally that began yesterday is a pullback rally towards 113.15 where I'll be looking for short position. If the price can rise above 113.15, then further rise towards the daily resistance line 114.30 is expected. If your're not short by now, you could wait and sell Usd around 114.30 with your take profit at 108.41, or buy Usd in case of a breakout above 114.30 with a big green candle.
Technical Levels
Resistance levels
R1: 113.35
R2: 113.64
R3: 114.24
Pivot
112.50
Support Levels
S1: 111.84
S2: 112.44
S3: 112.75
Trade Signal
Wait Sell Usd around 114.30
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.
