Short USD from 109.17 | 20 April 2017
20 April 2017, USD/JPY
Technical Observation:
Nothing has changed much since my previous forecast; the pending sell limit order I placed at 109.17 was opened yesterday at 16:00. From the 4 hour chart, a move to the lowerside has higher chances but i cannot refute the possibility price breaking above 109.17 and continuing up. My advice therefore, if you opened a trade at 109.17, hold onto to this position with your TP at 108.27.
Technical levels: Resistance levels
R1: 108.9R2:109.01
R3109.21
Pivot Point 108.82 Support Levels
S1: 108.42S2: 108.62
S3: 108.71
Trade Signal
Short USD From 109.17 towards 108.27
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.
