Short Usd around 111.76 | 27 November 2017
27 November 2017, USD/JPY
Technical Observation:
Usd is currently trading with a slight bullish bias momentum. After a tremendous drop earlier last week, Usd is retracing upwards. I'm waiting for a sell around the short term resistance line 111.76, if the price should breakout above this line, then further rise towards 114.00 is expect. My advice, if you're not short already, you could wait for a rejection from 111.76 then short Usd towards 110.75, and the next take profit at 108.16. If these lines are breached, then further declines towards 100.00 is expected
Technical Levels
Resistance levels
R1: 111.92
R1: 112.63
R3: 113.73
Pivot
111.53
Support Levels
S1: 109.34
S2: 110.43
S3: 110.82
Trade Signal
Short Usd around 111.76 towards 110.75
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.
