Pullbacks | 04 Julho 2017

04 Julho 2017, USD/JPY

Pullbacks

Technical Observation

After the second retracement towards 111.85, Usd rose almost 163pips but failed to get to my Take profit set at 113.69. The downward rally observed few hours ago is a pullback and should be short-lived. On the 4 hour chart above, I still expect a rise towards the short resistance line 113.69. If 113.69 is clearly broken, then I expect a rise upwards towards 115.00.

Technical levels:
Resistance levels
R1: 113.71
R2: 114.1
R3: 115.12
Pivot
113.08
Support Levels
S1: 111.04
S2: 112.06
S3: 112.69
Trade Signal
Pulling back

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.