Buy Usd above 112.75 towards 113.65. | 04 Januari 2018
04 Januari 2018, USD/JPY
Technical Observation:
Earlier today, Usd bounced off from the lower supportive trend line and is currently rallying upwards. I'm waiting for a breakout above the short term resistance line 112.75 to confirm a bullish rally towards 113.65 or even higher. As it on the 4 hour chart above, a long position looks more ideal especially above 112.75. But should the price bounce off from 112.75, then i expect a decline towards the lower trend line. My advice, buy Usd above 112.75 towards 112.62
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