09 tháng Tám 2017, USD/JPY
Technical Observation
Usd declined below the short term support line 110.38 but is facing a key support trend line. Unless the price clearly breach below this support trend line, I expect a rejection from this trend line to long Usd towards the upper resistance,if this trend line is broken, then the price could rise even further towards the weekly resistance line 115.14. A breakout below the support trend line will push the price to the lower side towards the weekly support line 106.13. The Line 110.28 is a key short term line and unless price close above, I expect a decline towards 106.13.
Technical levels:
Resistance levels
R3: 112.399
R2: 111.726
R1: 111.189
Pivot
110.516
Support Levels
S1: 109.979
S2: 109.306
S3: 108.769
Trade Signal
Look for buy places towards the upper trendline