28 Agustus 2017, USD/JPY
Technical Observation
After a sharp rejection from the upper trend line, Usd plummeted in price and is currently around a key support line 108.64. This is a key daily support line and has acted as a support line three times since the price broke above it . In November 2016, April 2017, this line has been used as a clear demand line, now that the price is above it, I expect it to act as a demand line. On the way upwards, the key line to look at include 110.74, 111.86 and 114.35. A break above any of these lines will mean the price is continuing to the next line.
Technical levels:
Resistance levels
R1: 109.77