Flat | 30 November 2017
30 November 2017, USD/JPY
Technical Observation:
Recently, Usd retraced a bit higher than I expected. Unless there's a clear sell signal on Usd, I choose to remain flat on Usd. My expectations are that the price should continue to retrace higher towards 112.55 where there's a potential supply. A breakout higher will push the price upwards towards 114.33 which a major daily resistance line. As it on the daily chart, I choose to remain flat, and only short Usd around 112.55 or at 114.33. The best place to pick a short is at the daily sell line 114.33.
Technical Levels
Resistance levels
R1: 111.92
R1: 112.63
R3: 113.73
Pivot
111.80
Support Levels
S1: 109.34
S2: 110.43
S3: 110.82
Trade Signal
Flat
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.
