26 Juli 2017, USD/JPY
Technical Observation:
Usd is currently trading slightly below its daily pivot line 111.55 but below a key resistance line 112.02. Unless this pivot line is clearly breached to the lower side, I expect a rise towards the next resistance line 112.36 and could break higher. At the moment, according to the hourly chart above, I'm patiently waiting for a break above the resistance line 112.02 to long Usd towards the next line 112.36. If the price is contained below 112.02, then, I may reconsider a short positions towards the support line 111.56.
Technical levels:
Resistance levels
R1: 111.96