Buy around 112.15 towards 114.29 | 18 December 2017
18 December 2017, USD/JPY
Technical Observation:
Usd is currently trading below its weekly pivot line seen at 113.02. Last week, there's was a decline price yet I expect a rise, Usd is currently being supported above a short term support line seen at 112.15. Unless there's a clear breakout below this support with a big red candle, I expect a rejection from this line to buy Usd towards 114.29. If the line is breached, then I expect a decline towards the weekly support line seen at 108.72.
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