11 сентября 2018, USD/JPY
Technical observation
On the weekly chart above, price is rallying between a resistance zone 114.80-114.07and a support 107.57.I expect either correction to the zone or a rally down to 107.57.In case of a correction to 114.80-114.07, wait for a rejection of price within it to short USD and should there be a rally to 107.57 and a rejection at it, that would be the best place for short term traders to pick long positions. Right now remain flat temporarily and wait for either to trade USD/JPY.A breakout above the above mentioned zone and correction to it is a confirmation to pick long positions within 114.80-114.07 towards the resistance line 121.48.
Technical levels
Resistance levels
R1.111.76
R2.112.45
R3.113.83
Pivot
111.07
Support levels
S1.110.38
S2.109.69
S3.108.31
Trade signal
Remain flat.
Do you know against which currencies JPY is the most profitable?
More trading assets here...
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 