Flat | 27 June 2017

27 June 2017, USD/JPY

Flat

Technical Observation

Eventually, Usd hit the Tp set at the resistance line 111.85. I'm flat temporarily waiting for the next clear move; if this resistance line 118.85 can clearly be breached to the upper side with a big green candle, then I may consider a long position towards 115.00, Otherwise, while 111.85 is intact, I'm only interested in short positions towards 110.67.

Technical levels:

Resistance levels

R1: 112.11

R2: 112.36

R3: 113.02

Pivot Point

111.7

Support Levels

S1: 110.37

S2: 111.04

S3: 111.45

Trade Signal

Flat

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.

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Imelda Maseno

Analyst of «FreshForex» company

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