Buy now | 12 December 2017

12 December 2017, USD/JPY

Buy now
Technical Observation:
So far, I've not seen any significant move to my take profit set at 114.80. Last week's candle was a perfect bullish continuation candle and means the price could spike upwards and even breakout above 114.80. As it on the weekly chart above, only a buy position looks more ideal and can be recommended with an ideal take profit at 114.80. Should the price breakout above 114.23, then I'll wait for a breakout above 114.80 to confirm a bullish price rally towards 118.45 or even higher.
Technical Levels
Resistance levels
R1: 113.1
R2: 114
R3: 116.04
Pivot
113.97
Support Levels
S1: 107.9
S2: 109.94
S3: 111.06
Trade Signal
Long Usd now with a take profit at 118.45

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Imelda Maseno
Analyst of «FreshForex» company
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