23 февраля 2018, USD/JPY
Technical observation
After the correction of price to the resistance zone (108.03-107.75) it got rejected within the zone then went down yesterday. Currently, the pair is retracing back to the zone and I expect a possible rejection of it within or around the zone for bearish movement of price towards 105.55 or even a breakout below it for a further decline of price. My advice, wait for a pullback to the zone the re sell USDJPY with your take profit around 105.55 and stop loss around 109.77.In case there’s a clear breach of price above (108.03-107.75), wait for a correction to the zone to confirm the price is moving up before you enter long positions.
Technical levels
Resistance levels
R1.106.56
R2.106.86
R3.107.6
Pivot
106.18
Support levels
S1.105.85
S2.105.39
S3.104.65
Trade signal
Wait for correction around (108.03-107.75)to re sell USDJPY with your take profit at 105.55 and stop loss around 109.77.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 