sell usd now towards | 16 January 2018
16 January 2018, USD/JPY
Technical Observation:
USD is trading within an equilibrium range not going above 114.86, or below 108.62. While the price is within this range, I'm only interested in trading reversals, if the price break out of either of these lines, then I'll wait for a pullback to the just broken line to go long. As it is on the weekly chart above, I expect a decline in price with my take profit at 108.62. My advise, if you did not go short based on the previous forecasts, you could resell usd now towards 108.62.
Technical Levels
Resistance levels
R1: 110.86
R2: 111.17
R3: 111.74
Pivot
110.59
Support Levels
S1: 109.44
S2: 110.02
S3: 110.28
Trade Signal
sell usd now towards
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.
