Remain flat | 09 July 2018
09 July 2018, USD/JPY
Technical observation
USD/JPY is trading on a downward trend.Currenty price is between the resistance zone114.79-113.98 and the support line 107.03. I expect either a rise to 114.79-113.98 or a decline to 107.03.In case of a rise to 114.79-113.98 and a rejection at it, Short USD within it with your take profit at 107.03 and stop loss slightly above 114.79, and in case of a decline to the support 107.03, wait for a breakout below it followed by a correction to it before you short the pair towards 100.59.Right now, remain flat and wait for either the correction to 114.79-113.98 or a breakout below 107.03 to trade USD/JPY.
Technical levels
Resistance levels
R1.110.98
R2.111.49
R3.112.35
Pivot
110.63
Support levels
S1.110.12
S2.109.77
S3.108.91
Trade signal
Remain flat.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
