05 сентября 2018, USD/JPY
Technical observation
A breakout was seen on the previous hour when the bulls broke above the resistance zone 111.51-111.43 with a big green candle and currently it is still above the mentioned zone pulling back to it.I expect a correction to it followed by a rejection of price at it for possible bullish movement of USD towards the resistance line 112.15 and a possible breach above it too for a further rise in price. Long the pair on the second correction to the zone just to ensure it is not a false breakout. Continue long with the pair after a breakout above 112.15 and a correction to it.Only long position look ideal and can be advisable on then chart above.
Technical levels
Resistance levels
R1.111.07
R2.111.11
R3.111.23
Pivot
111.04
Support levels
S1.110.95
S2.110.88
S3.110.76
Trade signal
Buy USD/JPY after the second correction to 111.51-111.43.
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