Short Usd Now towards 110.30. | 29 November 2017
29 November 2017, USD/JPY
Technical Observation:
For a second time now, Usd has pulled back to my sell zone 111.77-111.64. If you're an intraday trader, then this is the best time to pick a short position towards 110.30, you stop loss should be slightly above the previous day's highest high 111.65. As it is on the daily chart above, only a short position can be advised. A buy position can be recommended in case the price breaks above 111.77, and even then, a clear confirmation is needed to confirm further rise towards 114.30.
Technical Levels
Resistance levels
R1: 111.92
R1: 112.63
R3: 113.73
Pivot
111.60
Support Levels
S1: 109.34
S2: 110.43
S3: 110.82
Trade Signal
Short Usd Now towards 110.30.
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.
