Long Usd around 111.85 towards 115.00 | 28 June 2017
28 June 2017, USD/JPY
Technical Observation
Recently, A breakout was seen when Usd rose above the 4 hour resistance line 111.85 and is still above. I expect a pullback to the just broken line to long Usd towards 115.00. On the 4 hour chart above, long positions seems more ideal unless 118.85 is clear broken to the lower side with a big red candle, but until then I'm looking for long positions.
Technical levels:
Resistance levels
R1: 112.68R2: 113.07
R3: 114.08
Pivot
112.07
Support Levels
S2: 111.06
S3: 111.67
Trade Signal
Long Usd around 111.85 towards 115.00
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.
