Remain long towards 113.19 | 29 September 2017

29 September 2017, USD/JPY

Remain long towards 113.19
Technical Observation
Usd is currently trading slightly above its daily pivot line 112.59. Unless there's a clear breach below this pivot, I expect a rise towards 118.00. On the way upward, key resistance line can be seen around 113.39, 114.05 and 116.00. If these lines are clearly breached, then a rise towards 118.00 is expected. On the hourly chart above, only a buy position can be recommended towards 113.19, if this line is again broken, then I'll be good to remain long with my final take profit fixed at 118.00.
Technical levels:
Resistance levels
R1: 112.93
R2: 113.55
R3: 114.51
Pivot
112.59
Support Levels
S1: 110.68
S2: 111.64
S3: 111.98
Trade Signal
Remain long towards 113.19

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Imelda Maseno
Analyst of «FreshForex» company
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