25 Agustus 2017, USD/JPY
Technical Observation
On the daily chart above, Usd has just bounced off from a key daily support trend line. Unless this trend line is clearly breached to the lower side with a big green candle, I expect rally towards the upper resistance trend line. On the way upwards, key resistance lines can be seen around 111.90, 112.003 and 115.50. If the upper trendline is broken, then a rally upwards towards 115.50 and even up towards 118.00 is likely.
Technical levels:
Resistance levels
R3110.514
R2110.172
R1109.603
Pivot
109.241
Support Levels
S1108.692
S2108.350
S3107.781
Trade Signal
Remain long towards the upper trendline