Buy around 112.15 towards 114.13 | 02 Januari 2018
02 Januari 2018, USD/JPY
Technical Observation:
Recently, a long tailed pin bar was seen when the Friday's candle closed slightly above 112.70. I expect a rise towards the daily resistance line 114.13 and even a breakout to continue upwards. If you're a bit skeptic to long Usd now, you could buy Usd upon a breakout above 114.13. As it is on the daily chart above, only a long positions looks more ideal and can be recommended especially while the price is above 112.70. If the price break below 111.50, then I'll wait for a breakout below 110.10 to short Usd towards 108.74.
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