23 Tháng Năm 2017, USD/JPY
Technical Observation
USD is currently rallying below a significant resistance line 111.60, unless there's a clear bullish breach above this resistance with a big green candle, I expect an opposite move to the lower side towards 109.71. On the 4 Hour chart above, sell positions seems more ideal while buy positions could be risky especially below 111.60. My advice, if you went short around 111.60, leave this positions open towards 109.71.
Technical levels:
Resistance levels
R1: 113.34
R2: 115.41
R3: 119.02
Pivot Point
111.79
Support Levels
S1: 104.55
S2: 108.17
S3: 109.72
Trade Signal
Short USD towards 109.71