11 Oktober 2017, USD/JPY
Technical Observation:
As I said before, Usd merely tested the support line 112.29 but could not close below it. I believe this is a false breakout and indicates that the bulls are in complete control. Since the daily candle is a pin bar, I expect a surge upwards towards 113.20 and could breakout higher but should not go beyond 118.00. If the price can descend below 112.29, then this will call for a short position towards 110.00
Technical Levels
Resistance levels
R1: 112.98
S3: 112.51
Trade Signal
Look for a long position towards 113.20