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Resell within 111.32-111.30.

Resell within 111.32-111.30. | 29 August 2018

29 August 2018, USD/JPY

Resell within 111.32-111.30.

Technical observation

Yesterday price went down as predicted and pulled back to the resistance zone 111.32-111.30 again. I expect a rejection of it within the zone for possible bearish momentum towards 111.00 and a possible breakout below 111.00 for a further decline I n price towards 110.78.Resell the pair within 111.32-111.30 after a rejection of price within it with your ideal target at 111.00 and the next at 110.78.Only short positions look ideal on the hourly chart above and can be recommended. On the way downwards the key lines to look for are, 111.00, 110.78, 110.49 and 110.06.Long positions may only be ideal above 111.32.

Technical levels

Resistance levels

R1.111.27

R2.111.3

R3.111.39

Pivot

111.24

Support levels

S1.111.19

S2.111.14

S3.111.06

Trade signal

Re-sell USD/JPY within 111.32-111.30.

Do you know against which currencies JPY is the most profitable?

Resell within 111.32-111.30.

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Imelda Maseno
Analyst of «FreshForex» company
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