A decline towards 109.73 | 30 May 2017

30 May 2017, USD/JPY

Technical Observation

As per the previous forecast, the price turned around upon hitting 111.35. Following the breakout below the bearish flag above, I expect further decline towards 109.73 and may breakout below. On the 4 Hour charts, sell positions seems more ideal and can be recommended towards 109.73. My advice, look for sell orders towards 109.73 and SL above 111.35.

Technical levels:

Resistance levels

R1: 111.36

R2: 111.48

R3: 111.69

Pivot Point

111.27

Support Levels

S1: 110.86

S2: 111.07

S3: 111.15

Trade Signal

Short USD towards 109.73

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.

Anjara

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Imelda Maseno

Analyst of «FreshForex» company

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