13 Oktober 2017, USD/JPY
Technical Observation
Even after the two bullish pin bar occurring consecutively on the daily charts, Usd continues to drop in price. Currently, Usd is rallying around the hourly support line 112.01, unless the price is clearly below it, I expect a rejection from it to buy Usd with my take profit fixed at 118.00. On the way upwards, key resistance lines to look for include 112.73, 113.00 and 113.45, if these lines are breached, then the price could rise to 118.00
R1: 112.45
R3: 112.95