Place a pending sell limit order around 111.64  | 28 November 2017

28 November 2017, USD/JPY

Place a pending sell limit order around 111.64 
Technical Observation:
According to the daily chart above, Usd is still very bearish, and while the price is still below the support line 111.64, I expect further decline towards 108.16 or even lower. As it is, I'm waiting for a second pullback towards 111.64 to pick for a short position with my take profit fixed at 108.16. My advice, place a pending sell limit order around 111.64 with your stop loss slightly above the previous day's highest high, 111.77 and a take profit at 108.16. If you went short earlier, then remain short towards 108.13
Technical Levels
Resistance levels
R1: 111.92
R1: 112.63
R3: 113.73
Pivot
111.54
Support Levels
S1: 109.34
S2: 110.43
S3: 110.82
Trade Signal
Place a pending sell limit order around 111.64 

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Imelda Maseno
Analyst of «FreshForex» company
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