Sell Usd below 105.59 towards 100.00 | 19 March 2018
19 March 2018, USD/JPY
Technical Observation:
USD is currently trading with an increasing bearish momentum. Earlier today, I saw a main drop in price but has not gone below last week's lowest low 105.59. I'm waiting for a decline below this support to short this pair with my take profit at 100.00. Alternatively, you could wait for a pullback towards 106.32-106.39 to short this pair. On the other side, should the price break above 106.39, then I expect a surge towards 107.25.
Technical Levels
Resistance levels
R1: 106.52
R2: 106.83
R3: 107.72
Pivot
105.93
Support Levels
S1: 104.15
S2: 105.04
S3: 105.62
Trade Signal
Sell Usd below 105.59 towards 100.00
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.
