12 Oktober 2017, USD/JPY
Technical Observation:
For the second time, Usd dropped below the hour support line 112.22 but ended up above it by the close of the day. The previous two day's candle are a strong bullish pin bar and indicates that buyers could be prepared to continue long, thus, today, I'm waiting for a clear buy signal around 112.32, with my target at 113.20 or even higher to the daily resistance line 118.00.
Technical Levels
Resistance levels
R1: 112.98
S3: 112.51
Trade Signal
look for a buy signal towards 118.00