Long USD around 112.96 towards 117.01 | 10 Maio 2017

10 Maio 2017, USD/JPY

Long USD around 112.96 towards 117.01
Technical Observation
USD is yet to retrace back to the resistance line 112.96. I expect a rally towards this line to buy USD towards 117. On the 4 Hour chart above, sell positions seems to be ideal but only up to 112.96, but on the daily chart, there's still momentum to the upperside. My advice, either wait for a retracement towards 112.96 to long USD or short USD now towards 112.96.
Technical levels:
Resistance levels

R1: 113.58

R2: 113.89
R3: 114.79
Pivot Point
112.99
Support Levels

S1: 111.18

S2: 112.09

S3: 112.68

Trade Signal
Long USD around 112.96 towards 117.01

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Entrar
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.
manager photo manager photo
Online-support
Ficamos satisfeitos em responder quaisquer perguntas que você possa ter

Escrever

Get bonus