14 Tháng mười hai 2018, USD/JPY
Technical observation
USD/JPY pulled to the upper side but still closed below the key resistance zone 113.78-113.63.While the price is contained below the above mentioned zone I expect bearish price rally towards 111.85.In case you picked short positions within 113.78-113.63 after a rejection, remain short with your take profit at 111.85 and stop loss at 114.73.On the way downwards the key lines to look for on the chart above are; 111.85, 109.45, 107.40 and 104.61.If you had not sold this pair yet, wait for another retracement to 113.78-113.63 and a rejection at it to sell USD, or clear breakout below 111.85 followed by a correction to it and a rejection to sell USD.
Trade recommendation
Remain short with your take profit at 111.85 and stop loss at 114.73.
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