20 сентября 2018, USD/JPY
Technical observation
USD/JPY is pulling back to the supportive zone 111.79-111.72, I expect a rejection of price within the zone for possible bullish momentum towards the resistance112.53 and a possible breakout above it for a further rise in US dollar. Wait for the correction to the zone then pick long positions within it with your ideal target at 112.53 and stop loss around 111.46.Remain long after a breakout above 112.53 followed by a correction to it confirming further bullish momentum of price. Short positions may only be recommended in case of clear breakout below 111.79-111.72 followed by a correction to it. Right now you wait.
Technical levels
Resistance levels
R1.111.02
R2.112.03
R3.112.07
Pivot
111.105
Support levels
S1.111.97
S2.111.95
S3.111.91
Trade signal
Wait for the correction to 111.79-111.72 to re-buy USD/JPY.
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