01 октября 2018, USD/JPY
Technical observation
USD/JPY rose steadily towards the line114.14 and is currently rallying below it, I expect either a rejection of it at the lien followed by a correction to the zone 111.96-111.83 to re-buy USD, or a clear breakout above it followed by a retracement to it for possible bullish momentum. In case price is rejected at 114.14, wait for the correction to 111.96-111.83 to re-buy USD, and in case of a breakout above the line, wait for a retracement to it confirming bullish momentum of price before you pick long positions. Short term traders can pick short position at 114.14 after a rejection at it towards the line 111.96.
Technical levels
Resistance levels
R1.113.84
R2.113.98
R3.114.38
Pivot
113.57
Support levels
S1.113.43
S2.113.17
S3.112.76
Trade signal
Wait for a close at 114.14
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 