08 tháng Giêng 2018, USD/JPY
Technical observation
On the previous days USDJPY has been rallying below the key zone( 114.69-114.40) I expect a clear breakout above the zone then a retracement to it to buy USDJPY with my take profit at 118.52 and stop loss at 112.04. I can buy USDJPY now or wait for the price to break above the zone ( 114.69-114.40) to long USD towards the key line 118.52.if the price can rise above the key line 118.52,I expect a further bullish movement in the coming days.Incase the price gets rejected at the key zone i would enter into short position but not for long with my take profit at 111.90
Technical levels
Resistance levels
R1.113.3
R2.113.53
R3.113.97
Pivot point
113.09
Support levels
S1.112.85
S2.112.64
S3.112.2
Trade signal
Wait for a breakout to long USD With your take profit at 118.52 and your stop loss slightly below 112.04.
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