Usd should rise towards 113.55 | 29 June 2017
29 June 2017, USD/JPY
Technical Observation
As per the other day's forecast, Usd retraced back to the now support line 111.85 but could not breakout below it. I went long following a rejection this support line and is still holding on. I expect a rise towards 113.55 and even higher. Unless 111.85 is clearly breached to the lower side with a big green candle, I expect a rise to the upper side. On the 4 hour chart above, long positions look more ideal.
Technical levels:
Resistance levels
R1: 112.68R2: 113.07
R3: 114.08
Pivot
112.06
Support Levels
S2: 111.06
S3: 111.67
Trade Signal
Usd should rise towards 113.55
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.
