Buy now | 12 December 2017
12 December 2017, USD/JPY
Technical Observation:
So far, I've not seen any significant move to my take profit set at 114.80. Last week's candle was a perfect bullish continuation candle and means the price could spike upwards and even breakout above 114.80. As it on the weekly chart above, only a buy position looks more ideal and can be recommended with an ideal take profit at 114.80. Should the price breakout above 114.23, then I'll wait for a breakout above 114.80 to confirm a bullish price rally towards 118.45 or even higher.
Technical Levels
Resistance levels
R1: 113.1
R2: 114
R3: 116.04
Pivot
113.97
Support Levels
S1: 107.9
S2: 109.94
S3: 111.06
Trade Signal
Long Usd now with a take profit at 118.45
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.
